First Trust Growth Strength ETF (NASDAQ:FTGS) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 121.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,956 shares of the company’s stock after purchasing an additional 39,520 shares during the period. Janney Montgomery Scott LLC owned approximately 0.29% of First Trust Growth Strength ETF worth $2,246,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FTGS. GPS Wealth Strategies Group LLC acquired a new stake in shares of First Trust Growth Strength ETF in the second quarter valued at about $40,000. Pinnacle Bancorp Inc. raised its stake in shares of First Trust Growth Strength ETF by 93.0% during the third quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock valued at $65,000 after purchasing an additional 1,005 shares during the period. NBC Securities Inc. lifted its position in shares of First Trust Growth Strength ETF by 43.2% during the third quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock worth $76,000 after purchasing an additional 740 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Trust Growth Strength ETF in the second quarter valued at $117,000. Finally, Benjamin Edwards Inc. grew its holdings in First Trust Growth Strength ETF by 82.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 4,245 shares of the company’s stock valued at $130,000 after purchasing an additional 1,919 shares in the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of FTGS stock opened at $32.85 on Wednesday. The company’s fifty day moving average price is $31.26 and its two-hundred day moving average price is $30.64. The firm has a market capitalization of $819.61 million, a P/E ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a 12 month low of $24.45 and a 12 month high of $32.88.

First Trust Growth Strength ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.021 dividend. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.26%.

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.