Bank of New York Mellon Corp Raises Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Bank of New York Mellon Corp lifted its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 173,344 shares of the company’s stock after buying an additional 28,336 shares during the period. Bank of New York Mellon Corp owned about 0.56% of First Trust Growth Strength ETF worth $5,443,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FTGS. N.E.W. Advisory Services LLC bought a new position in First Trust Growth Strength ETF during the 4th quarter valued at $4,621,000. Merit Financial Group LLC bought a new position in shares of First Trust Growth Strength ETF during the fourth quarter valued at about $2,867,000. MML Investors Services LLC purchased a new position in First Trust Growth Strength ETF during the third quarter worth about $2,590,000. IFP Advisors Inc boosted its holdings in First Trust Growth Strength ETF by 190.5% during the fourth quarter. IFP Advisors Inc now owns 112,659 shares of the company’s stock worth $3,537,000 after purchasing an additional 73,876 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in First Trust Growth Strength ETF in the 3rd quarter worth about $1,847,000.

First Trust Growth Strength ETF Stock Performance

NASDAQ:FTGS opened at $30.03 on Tuesday. First Trust Growth Strength ETF has a 52 week low of $28.31 and a 52 week high of $33.38. The firm has a 50-day moving average price of $31.69 and a two-hundred day moving average price of $31.74. The firm has a market cap of $935.43 million, a price-to-earnings ratio of 19.23 and a beta of 1.11.

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.