Morey & Quinn Wealth Partners LLC Has $613,000 Stock Position in First Trust Growth Strength ETF $FTGS

Morey & Quinn Wealth Partners LLC grew its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 57.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,934 shares of the company’s stock after buying an additional 6,540 shares during the period. Morey & Quinn Wealth Partners LLC’s holdings in First Trust Growth Strength ETF were worth $613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in FTGS. Fifth Third Bancorp grew its holdings in First Trust Growth Strength ETF by 138.8% during the second quarter. Fifth Third Bancorp now owns 2,185 shares of the company’s stock valued at $75,000 after purchasing an additional 1,270 shares during the period. Rossby Financial LCC bought a new stake in First Trust Growth Strength ETF during the first quarter worth about $78,000. NBC Securities Inc. raised its holdings in First Trust Growth Strength ETF by 152,750.0% in the 1st quarter. NBC Securities Inc. now owns 3,057 shares of the company’s stock valued at $90,000 after buying an additional 3,055 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in First Trust Growth Strength ETF during the 2nd quarter valued at approximately $128,000. Finally, Albion Financial Group UT grew its position in shares of First Trust Growth Strength ETF by 330.2% during the 1st quarter. Albion Financial Group UT now owns 5,735 shares of the company’s stock worth $171,000 after buying an additional 4,402 shares during the period.

First Trust Growth Strength ETF Trading Up 0.8%

Shares of NASDAQ:FTGS opened at $36.50 on Thursday. The stock’s fifty day simple moving average is $35.45 and its two-hundred day simple moving average is $33.20. First Trust Growth Strength ETF has a 1-year low of $25.74 and a 1-year high of $36.57. The stock has a market cap of $1.29 billion, a PE ratio of 23.90 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.0242 per share. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.00. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 25th.

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.