Assetmark Inc. Buys 48,222 Shares of First Trust Growth Strength ETF $FTGS

Assetmark Inc. raised its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 13.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 408,466 shares of the company’s stock after purchasing an additional 48,222 shares during the quarter. Assetmark Inc.’s holdings in First Trust Growth Strength ETF were worth $13,965,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Arkadios Wealth Advisors lifted its stake in First Trust Growth Strength ETF by 10.6% during the 2nd quarter. Arkadios Wealth Advisors now owns 12,574 shares of the company’s stock valued at $430,000 after acquiring an additional 1,200 shares during the period. Daymark Wealth Partners LLC purchased a new stake in shares of First Trust Growth Strength ETF during the 2nd quarter valued at about $271,000. Wealth Watch Advisors INC increased its position in shares of First Trust Growth Strength ETF by 13.2% during the 2nd quarter. Wealth Watch Advisors INC now owns 25,457 shares of the company’s stock valued at $870,000 after purchasing an additional 2,965 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust Growth Strength ETF by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,249,526 shares of the company’s stock valued at $42,721,000 after purchasing an additional 20,912 shares during the last quarter. Finally, KPP Advisory Services LLC increased its position in shares of First Trust Growth Strength ETF by 2.4% during the 2nd quarter. KPP Advisory Services LLC now owns 198,514 shares of the company’s stock valued at $6,787,000 after purchasing an additional 4,709 shares during the last quarter.

First Trust Growth Strength ETF Stock Down 0.3%

NASDAQ FTGS opened at $35.58 on Friday. First Trust Growth Strength ETF has a 52 week low of $25.74 and a 52 week high of $36.65. The firm has a market capitalization of $1.25 billion, a P/E ratio of 23.90 and a beta of 1.12. The company has a 50-day moving average price of $35.87 and a 200-day moving average price of $34.06.

First Trust Growth Strength ETF Increases Dividend

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

First Trust Growth Strength ETF Company 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.