First Trust Growth Strength ETF (NASDAQ:FTGS) Sets New 52-Week High – Still a Buy?

First Trust Growth Strength ETF (NASDAQ:FTGS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $37.04 and last traded at $37.04, with a volume of 6842 shares traded. The stock had previously closed at $36.72.

First Trust Growth Strength ETF Stock Performance

The business has a fifty day moving average price of $35.47 and a 200 day moving average price of $35.51. The company has a market capitalization of $1.26 billion, a PE ratio of 23.90 and a beta of 1.03.

Hedge Funds Weigh In On First Trust Growth Strength ETF

Large investors have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of First Trust Growth Strength ETF in the 3rd quarter worth about $28,000. Rothschild Investment LLC purchased a new stake in shares of First Trust Growth Strength ETF during the 4th quarter valued at about $28,000. Capital Investment Advisory Services LLC raised its holdings in shares of First Trust Growth Strength ETF by 6,214.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock valued at $31,000 after buying an additional 870 shares during the period. Allworth Financial LP purchased a new stake in shares of First Trust Growth Strength ETF during the 3rd quarter valued at about $32,000. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of First Trust Growth Strength ETF by 58.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock valued at $37,000 after buying an additional 385 shares during the period.

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