First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Unusually-High Trading Volume After Dividend Announcement

First Trust Growth Strength ETF (NASDAQ:FTGS) shares saw unusually-strong trading volume on Wednesday after the company announced a dividend. 403,044 shares traded hands during mid-day trading, an increase of 209% from the previous session’s volume of 130,264 shares. The stock last traded at $38.2850 and had previously closed at $38.50.

The newly announced dividend which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be paid a $0.0088 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, September 24th.

First Trust Growth Strength ETF Stock Down 0.3%

The company has a market capitalization of $1.29 billion, a P/E ratio of 23.90 and a beta of 1.01. The company has a 50-day moving average of $38.67 and a two-hundred day moving average of $37.07.

Institutional Trading of First Trust Growth Strength ETF

A number of hedge funds have recently modified their holdings of FTGS. LPL Financial LLC lifted its holdings in shares of First Trust Growth Strength ETF by 2.7% during 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 during the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust Growth Strength ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock worth $50,734,000 after acquiring an additional 46,709 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Growth Strength ETF by 9.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock valued at $40,164,000 after acquiring an additional 92,206 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust Growth Strength ETF by 16.6% during the first quarter. Royal Bank of Canada now owns 514,094 shares of the company’s stock valued at $17,503,000 after acquiring an additional 73,363 shares in the last quarter. Finally, Hobart Private Capital LLC raised its position in shares of First Trust Growth Strength ETF by 5.5% in the 2nd quarter. Hobart Private Capital LLC now owns 425,915 shares of the company’s stock worth $15,760,000 after purchasing an additional 22,326 shares during the last quarter.

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.