First Trust Growth Strength ETF (NASDAQ:FTGS) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $31.92 and traded as high as $33.32. First Trust Growth Strength ETF shares last traded at $33.25, with a volume of 75,697 shares traded.

First Trust Growth Strength ETF Price Performance

The stock’s 50-day moving average price is $31.92 and its 200 day moving average price is $30.95. The firm has a market capitalization of $829.59 million, a PE ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.021 per share. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Growth Strength ETF

Several institutional investors and hedge funds have recently made changes to their positions in FTGS. GPS Wealth Strategies Group LLC purchased a new position in First Trust Growth Strength ETF during the 2nd quarter valued at about $40,000. FMR LLC boosted its stake in shares of First Trust Growth Strength ETF by 60.4% during the third quarter. FMR LLC now owns 1,609 shares of the company’s stock valued at $50,000 after purchasing an additional 606 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in 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 buying an additional 1,005 shares during the period. NBC Securities Inc. raised its stake in First Trust Growth Strength ETF by 43.2% in the third quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock worth $76,000 after buying an additional 740 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. bought a new position in First Trust Growth Strength ETF in the second quarter worth approximately $117,000.

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.