Western Wealth Management LLC Sells 1,709 Shares of First Trust Growth Strength ETF $FTGS

Western Wealth Management LLC decreased its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,235 shares of the company’s stock after selling 1,709 shares during the quarter. Western Wealth Management LLC owned approximately 0.09% of First Trust Growth Strength ETF worth $1,000,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FTGS. IFP Advisors Inc lifted its position in shares of First Trust Growth Strength ETF by 14.6% during the 1st quarter. IFP Advisors Inc now owns 129,086 shares of the company’s stock valued at $3,840,000 after buying an additional 16,427 shares in the last quarter. BlueChip Wealth Advisors LLC bought a new stake in First Trust Growth Strength ETF during the 1st quarter worth approximately $482,000. Avantax Advisory Services Inc. raised its stake in First Trust Growth Strength ETF by 6.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 171,300 shares of the company’s stock worth $5,096,000 after acquiring an additional 11,088 shares during the period. Cetera Investment Advisers lifted its holdings in First Trust Growth Strength ETF by 19.1% during the first quarter. Cetera Investment Advisers now owns 1,128,599 shares of the company’s stock valued at $33,576,000 after purchasing an additional 180,948 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in First Trust Growth Strength ETF by 14.5% during the first quarter. LPL Financial LLC now owns 4,364,579 shares of the company’s stock valued at $129,846,000 after purchasing an additional 551,873 shares in the last quarter.

First Trust Growth Strength ETF Price Performance

FTGS opened at $34.21 on Tuesday. The company has a 50 day simple moving average of $35.82 and a two-hundred day simple moving average of $34.59. The firm has a market cap of $1.20 billion, a P/E ratio of 23.90 and a beta of 1.12. First Trust Growth Strength ETF has a 1-year low of $25.74 and a 1-year high of $36.65.

First Trust Growth Strength ETF Increases Dividend

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

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.