First Trust SMID Growth Strength ETF (NASDAQ:FSGS) Shares Down 0.4% – Here’s What Happened

First Trust SMID Growth Strength ETF (NASDAQ:FSGS)’s share price traded down 0.4% during trading on Thursday . The company traded as low as $30.26 and last traded at $30.42. 745 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 2,480 shares. The stock had previously closed at $30.53.

First Trust SMID Growth Strength ETF Trading Down 0.4%

The company has a 50 day simple moving average of $31.07 and a 200 day simple moving average of $30.98. The stock has a market cap of $27.38 million, a P/E ratio of 18.32 and a beta of 1.07.

Institutional Investors Weigh In On First Trust SMID Growth Strength ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA bought a new position in shares of First Trust SMID Growth Strength ETF in the 2nd quarter valued at about $60,000. Kestra Advisory Services LLC bought a new position in First Trust SMID Growth Strength ETF in the fourth quarter valued at approximately $73,000. Osaic Holdings Inc. acquired a new position in shares of First Trust SMID Growth Strength ETF during the 2nd quarter worth approximately $168,000. Western Wealth Management LLC acquired a new position in shares of First Trust SMID Growth Strength ETF during the 2nd quarter worth approximately $207,000. Finally, Archer Investment Corp bought a new stake in shares of First Trust SMID Growth Strength ETF during the 2nd quarter worth approximately $597,000.

First Trust SMID Growth Strength ETF Company Profile

The First Trust SMID Growth Strength ETF (FSGS) is an exchange-traded fund that is based on the SMID Growth Strength index. The fund tracks an index of small and midcap companies with a perceived strong balance sheet and financial performance. FSGS was launched on Jun 20, 2017 and is issued by First Trust.