Envestnet Asset Management Inc. Has $18.68 Million Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Envestnet Asset Management Inc. lifted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 120.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 612,216 shares of the company’s stock after purchasing an additional 334,209 shares during the quarter. Envestnet Asset Management Inc. owned about 3.29% of First Trust Growth Strength ETF worth $18,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Advisors LLC bought a new position in First Trust Growth Strength ETF in the first quarter valued at approximately $1,123,000. Cambridge Investment Research Advisors Inc. boosted its stake in First Trust Growth Strength ETF by 15.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 113,015 shares of the company’s stock worth $3,077,000 after purchasing an additional 15,045 shares during the period. Park National Corp OH boosted its stake in First Trust Growth Strength ETF by 1.0% in the 1st quarter. Park National Corp OH now owns 293,910 shares of the company’s stock worth $9,026,000 after purchasing an additional 2,895 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of First Trust Growth Strength ETF by 80.0% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 38,432 shares of the company’s stock valued at $1,173,000 after purchasing an additional 17,075 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of First Trust Growth Strength ETF in the first quarter valued at about $572,000.

First Trust Growth Strength ETF Price Performance

FTGS stock opened at $31.29 on Tuesday. The business has a 50-day moving average of $30.44 and a 200-day moving average of $30.26. First Trust Growth Strength ETF has a fifty-two week low of $22.69 and a fifty-two week high of $32.00. The stock has a market capitalization of $581.99 million, a P/E ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a dividend of $0.0135 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.05 annualized dividend and a dividend yield of 0.17%.

About First Trust Growth Strength ETF

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.