Ergawealth Advisors Inc. Boosts Stock Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Ergawealth Advisors Inc. raised its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,905 shares of the company’s stock after purchasing an additional 785 shares during the period. Ergawealth Advisors Inc.’s holdings in First Trust Growth Strength ETF were worth $594,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FTGS. NewEdge Wealth LLC boosted its position in shares of First Trust Growth Strength ETF by 71.5% in the fourth quarter. NewEdge Wealth LLC now owns 54,608 shares of the company’s stock valued at $1,715,000 after acquiring an additional 22,774 shares during the period. Bank of New York Mellon Corp boosted its position in shares of First Trust Growth Strength ETF by 19.5% in the fourth quarter. Bank of New York Mellon Corp now owns 173,344 shares of the company’s stock valued at $5,443,000 after acquiring an additional 28,336 shares during the period. IFP Advisors Inc boosted its position in shares of First Trust Growth Strength ETF by 190.5% in the fourth quarter. IFP Advisors Inc now owns 112,659 shares of the company’s stock valued at $3,537,000 after acquiring an additional 73,876 shares during the period. Sigma Planning Corp boosted its position in shares of First Trust Growth Strength ETF by 17.5% in the fourth quarter. Sigma Planning Corp now owns 198,903 shares of the company’s stock valued at $6,246,000 after acquiring an additional 29,614 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of First Trust Growth Strength ETF by 10.0% in the fourth quarter. Private Advisor Group LLC now owns 337,660 shares of the company’s stock valued at $10,603,000 after acquiring an additional 30,599 shares during the period.

First Trust Growth Strength ETF Trading Down 1.3 %

FTGS stock opened at $30.96 on Friday. The firm has a 50 day moving average of $32.09 and a 200-day moving average of $31.78. First Trust Growth Strength ETF has a 12 month low of $28.31 and a 12 month high of $33.38. The firm has a market capitalization of $964.40 million, a P/E ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.0662 dividend. The ex-dividend date was Friday, December 13th.

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.