NewEdge Advisors LLC Has $8.55 Million Stock Holdings in First Trust Growth Strength ETF $FTGS

NewEdge Advisors LLC boosted its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 10.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,181 shares of the company’s stock after acquiring an additional 24,427 shares during the period. NewEdge Advisors LLC owned approximately 0.74% of First Trust Growth Strength ETF worth $8,552,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FTGS. Mach 1 Financial Group LLC acquired a new stake in shares of First Trust Growth Strength ETF during the 4th quarter worth approximately $17,438,000. Raymond James Financial Inc. raised its stake in shares of First Trust Growth Strength ETF by 31.1% in the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock valued at $56,016,000 after purchasing an additional 370,142 shares in the last quarter. LPL Financial LLC raised its stake in shares of First Trust Growth Strength ETF by 2.7% in the fourth quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after purchasing an additional 141,697 shares in the last quarter. Key Client Fiduciary Advisors LLC bought a new position in First Trust Growth Strength ETF in the fourth quarter worth $4,982,000. Finally, VestGen Advisors LLC lifted its position in First Trust Growth Strength ETF by 118.2% in the fourth quarter. VestGen Advisors LLC now owns 259,184 shares of the company’s stock worth $9,162,000 after purchasing an additional 140,401 shares during the period.

First Trust Growth Strength ETF Price Performance

FTGS opened at $39.71 on Monday. The company has a market capitalization of $1.34 billion, a P/E ratio of 23.90 and a beta of 1.01. The firm’s fifty day moving average price is $37.59 and its two-hundred day moving average price is $36.33. First Trust Growth Strength ETF has a fifty-two week low of $33.00 and a fifty-two week high of $39.87.

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.