Harbour Investments Inc. Grows Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Harbour Investments Inc. raised its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 75,095 shares of the company’s stock after purchasing an additional 13,656 shares during the quarter. Harbour Investments Inc. owned 0.24% of First Trust Growth Strength ETF worth $2,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FTGS. FMR LLC grew its stake in shares of First Trust Growth Strength ETF by 60.4% in the 3rd quarter. FMR LLC now owns 1,609 shares of the company’s stock valued at $50,000 after purchasing an additional 606 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of First Trust Growth Strength ETF in the 4th quarter valued at approximately $83,000. Synergy Investment Management LLC purchased a new position in shares of First Trust Growth Strength ETF in the 4th quarter valued at approximately $181,000. ORG Partners LLC purchased a new position in shares of First Trust Growth Strength ETF in the 4th quarter valued at approximately $188,000. Finally, Private Client Services LLC purchased a new position in shares of First Trust Growth Strength ETF in the 4th quarter valued at approximately $212,000.

First Trust Growth Strength ETF Trading Up 1.5 %

Shares of FTGS stock opened at $30.03 on Tuesday. The business’s 50 day moving average is $31.69 and its two-hundred day moving average is $31.74. First Trust Growth Strength ETF has a twelve month low of $28.31 and a twelve month high of $33.38. The company has a market capitalization of $935.43 million, a P/E ratio of 19.23 and a beta of 1.11.

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.