B. Riley Wealth Advisors Inc. Invests $258,000 in First Trust Growth Strength ETF (NASDAQ:FTGS)

B. Riley Wealth Advisors Inc. acquired a new stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 8,460 shares of the company’s stock, valued at approximately $258,000.

Several other institutional investors and hedge funds have also modified their holdings of FTGS. Pinnacle Bancorp Inc. acquired a new position in shares of First Trust Growth Strength ETF in the first quarter valued at approximately $33,000. GPS Wealth Strategies Group LLC acquired a new position in First Trust Growth Strength ETF in the 2nd quarter worth $40,000. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Growth Strength ETF in the 1st quarter valued at about $71,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Trust Growth Strength ETF in the second quarter valued at about $117,000. Finally, Albion Financial Group UT acquired a new position in shares of First Trust Growth Strength ETF during the second quarter worth about $175,000.

First Trust Growth Strength ETF Stock Performance

NASDAQ:FTGS opened at $31.36 on Wednesday. The company has a market cap of $738.53 million, a PE ratio of 20.80 and a beta of 1.11. The stock has a 50-day simple moving average of $30.55 and a 200 day simple moving average of $30.34. First Trust Growth Strength ETF has a 52-week low of $22.69 and a 52-week high of $32.00.

First Trust Growth Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.021 per share. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 26th. 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.