RFG Bristol Wealth Advisors LLC Cuts Stake in First Trust Growth Strength ETF $FTGS

RFG Bristol Wealth Advisors LLC lessened its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 54.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,618 shares of the company’s stock after selling 21,445 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in First Trust Growth Strength ETF were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Private Trust Co. NA lifted its stake in shares of First Trust Growth Strength ETF by 49.6% in the 3rd quarter. Private Trust Co. NA now owns 1,183 shares of the company’s stock valued at $42,000 after purchasing an additional 392 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in First Trust Growth Strength ETF by 5.1% during the second quarter. Redhawk Wealth Advisors Inc. now owns 10,570 shares of the company’s stock valued at $361,000 after acquiring an additional 511 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of First Trust Growth Strength ETF by 6.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 10,359 shares of the company’s stock worth $354,000 after acquiring an additional 615 shares during the last quarter. RFG Advisory LLC boosted its stake in shares of First Trust Growth Strength ETF by 2.6% during the 2nd quarter. RFG Advisory LLC now owns 27,105 shares of the company’s stock worth $927,000 after purchasing an additional 685 shares during the period. Finally, Daymark Wealth Partners LLC grew its holdings in First Trust Growth Strength ETF by 9.0% during the 3rd quarter. Daymark Wealth Partners LLC now owns 8,640 shares of the company’s stock valued at $310,000 after purchasing an additional 716 shares during the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ FTGS opened at $35.87 on Tuesday. First Trust Growth Strength ETF has a 1 year low of $25.74 and a 1 year high of $36.65. The firm has a 50-day simple moving average of $35.28 and a two-hundred day simple moving average of $35.23. The company has a market cap of $1.28 billion, a P/E ratio of 23.90 and a beta of 1.12.

First Trust Growth Strength ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.0055 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, December 12th.

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.