Raymond James & Associates Has $9.66 Million Stock Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Raymond James & Associates lifted its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 56.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 309,493 shares of the company’s stock after purchasing an additional 111,495 shares during the quarter. Raymond James & Associates owned 1.28% of First Trust Growth Strength ETF worth $9,662,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FTGS. LPL Financial LLC grew its stake in First Trust Growth Strength ETF by 360.2% during the second quarter. LPL Financial LLC now owns 1,787,857 shares of the company’s stock worth $54,548,000 after buying an additional 1,399,347 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Growth Strength ETF by 270.8% during the 2nd quarter. Cetera Investment Advisers now owns 663,671 shares of the company’s stock worth $20,249,000 after acquiring an additional 484,672 shares in the last quarter. CWM LLC increased its stake in First Trust Growth Strength ETF by 632.4% in the third quarter. CWM LLC now owns 495,469 shares of the company’s stock valued at $15,469,000 after acquiring an additional 427,822 shares during the last quarter. Envestnet Asset Management Inc. raised its position in First Trust Growth Strength ETF by 120.2% during the second quarter. Envestnet Asset Management Inc. now owns 612,216 shares of the company’s stock valued at $18,679,000 after purchasing an additional 334,209 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in First Trust Growth Strength ETF by 193.4% during the second quarter. Commonwealth Equity Services LLC now owns 425,939 shares of the company’s stock valued at $12,995,000 after purchasing an additional 280,746 shares in the last quarter.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS stock opened at $31.44 on Wednesday. First Trust Growth Strength ETF has a fifty-two week low of $22.69 and a fifty-two week high of $32.17. The stock’s fifty day moving average price is $31.11 and its two-hundred day moving average price is $30.46. The company has a market cap of $768.71 million, a PE ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.021 dividend. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 0.27%.

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.