First Trust Growth Strength ETF $FTGS Stock Position Lifted by IFC & Insurance Marketing Inc.

IFC & Insurance Marketing Inc. lifted its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 36.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,653 shares of the company’s stock after purchasing an additional 44,865 shares during the period. First Trust Growth Strength ETF accounts for about 6.0% of IFC & Insurance Marketing Inc.’s investment portfolio, making the stock its 5th biggest holding. IFC & Insurance Marketing Inc. owned about 0.50% of First Trust Growth Strength ETF worth $5,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FTGS. Rothschild Investment LLC purchased a new position in shares of First Trust Growth Strength ETF during the fourth quarter valued at about $28,000. Capital Investment Advisory Services LLC lifted its holdings in First Trust Growth Strength ETF by 6,214.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock worth $31,000 after buying an additional 870 shares during the period. Allworth Financial LP purchased a new stake in First Trust Growth Strength ETF in the third quarter worth about $32,000. Cullen Frost Bankers Inc. boosted its position in 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 acquiring an additional 385 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in First Trust Growth Strength ETF by 100.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock valued at $40,000 after acquiring an additional 557 shares in the last quarter.

First Trust Growth Strength ETF Stock Performance

FTGS stock opened at $36.75 on Tuesday. First Trust Growth Strength ETF has a fifty-two week low of $32.41 and a fifty-two week high of $37.92. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. The business’s 50 day moving average price is $36.54 and its two-hundred day moving average price is $35.84.

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.