NewEdge Advisors LLC Has $6.70 Million Stock Position in First Trust Growth Strength ETF $FTGS

NewEdge Advisors LLC lowered its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 13.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 196,892 shares of the company’s stock after selling 29,862 shares during the period. NewEdge Advisors LLC owned 0.58% of First Trust Growth Strength ETF worth $6,703,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of First Trust Growth Strength ETF during the fourth quarter worth approximately $28,000. Capital Investment Advisory Services LLC grew its position in First Trust Growth Strength ETF by 6,214.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock valued at $31,000 after purchasing an additional 870 shares during the period. Allworth Financial LP acquired a new stake in First Trust Growth Strength ETF in the 3rd quarter valued at $32,000. Cullen Frost Bankers Inc. increased its stake 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 purchasing an additional 385 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 557 shares in the last quarter.

First Trust Growth Strength ETF Trading Up 1.0%

FTGS opened at $38.17 on Friday. The company’s fifty day moving average price is $37.32 and its two-hundred day moving average price is $36.21. First Trust Growth Strength ETF has a 1-year low of $33.00 and a 1-year high of $38.65. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02.

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.