Prospera Financial Services Inc Increases Stock Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Prospera Financial Services Inc increased its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 13.3% in the 3rd quarter, Holdings Channel reports. The firm owned 436,275 shares of the company’s stock after buying an additional 51,152 shares during the period. Prospera Financial Services Inc’s holdings in First Trust Growth Strength ETF were worth $13,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FTGS. GPS Wealth Strategies Group LLC bought a new position in shares of First Trust Growth Strength ETF during the 2nd quarter valued at $40,000. Pinnacle Bancorp Inc. lifted its holdings in 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 acquiring an additional 1,005 shares during the period. NBC Securities Inc. boosted its position in 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 worth $76,000 after purchasing an additional 740 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of First Trust Growth Strength ETF during the 2nd quarter valued at about $117,000. Finally, Benjamin Edwards Inc. increased its position in shares of First Trust Growth Strength ETF by 82.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 4,245 shares of the company’s stock valued at $130,000 after purchasing an additional 1,919 shares during the last quarter.

First Trust Growth Strength ETF Trading Up 0.3 %

FTGS opened at $32.32 on Tuesday. The company’s 50 day moving average is $31.46 and its 200 day moving average is $30.74. The company has a market cap of $806.38 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a 12-month low of $25.16 and a 12-month high of $32.96.

First Trust Growth Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.021 per share. This represents a $0.08 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01.

First Trust Growth Strength ETF Profile

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.