First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Large Volume Increase – Time to Buy?

First Trust Growth Strength ETF (NASDAQ:FTGS) saw unusually-high trading volume on Monday . Approximately 226,246 shares traded hands during trading, an increase of 28% from the previous session’s volume of 177,105 shares.The stock last traded at $31.30 and had previously closed at $31.71.

First Trust Growth Strength ETF Stock Performance

The company has a market capitalization of $786.42 million, a PE ratio of 20.80 and a beta of 1.11. The company’s 50-day simple moving average is $32.29 and its 200-day simple moving average is $31.29.

First Trust Growth Strength ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.0662 dividend. The ex-dividend date is Friday, December 13th.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ergawealth Advisors Inc. lifted its stake in shares of First Trust Growth Strength ETF by 1.9% in the 3rd quarter. Ergawealth Advisors Inc. now owns 18,120 shares of the company’s stock worth $566,000 after acquiring an additional 337 shares during the period. FMR LLC increased its position in First Trust Growth Strength ETF by 60.4% during the 3rd quarter. FMR LLC now owns 1,609 shares of the company’s stock worth $50,000 after purchasing an additional 606 shares during the period. NBC Securities Inc. boosted its stake in shares of First Trust Growth Strength ETF by 43.2% in the third quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock valued at $76,000 after buying an additional 740 shares in the last quarter. West Michigan Advisors LLC raised its position in First Trust Growth Strength ETF by 0.6% in the third quarter. West Michigan Advisors LLC now owns 157,374 shares of the company’s stock worth $4,913,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of First Trust Growth Strength ETF by 93.0% in the third quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock valued at $65,000 after purchasing an additional 1,005 shares during the period.

About First Trust Growth Strength ETF

The First Trust Growth Strength ETF (FTGS) is an exchange-traded fund that is based on the The Growth Strength index. The fund tracks an equal-weighted index of 50 well-capitalized, large-cap companies with strong market positions in the US. The fund uses various fundamental metrics to select growth equities.