First Trust Growth Strength ETF (NASDAQ:FTGS) Hits New 12-Month High – Should You Buy?

by · The Cerbat Gem

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $38.01 and last traded at $37.93, with a volume of 3025 shares trading hands. The stock had previously closed at $37.79.

First Trust Growth Strength ETF Stock Performance

The business’s 50-day moving average is $36.70 and its two-hundred day moving average is $35.93. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02.

Institutional Trading of First Trust Growth Strength ETF

A number of large investors have recently made changes to their positions in FTGS. Petix & Botte Co increased its holdings in First Trust Growth Strength ETF by 4.6% during the 3rd quarter. Petix & Botte Co now owns 8,626 shares of the company’s stock worth $310,000 after purchasing an additional 376 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of First Trust Growth Strength ETF by 58.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock worth $37,000 after buying an additional 385 shares during the period. Lake Street Private Wealth LLC grew its holdings in shares of First Trust Growth Strength ETF by 7.2% during the fourth quarter. Lake Street Private Wealth LLC now owns 6,271 shares of the company’s stock worth $222,000 after buying an additional 420 shares in the last quarter. WPG Advisers LLC raised its position in First Trust Growth Strength ETF by 3.4% in the 4th quarter. WPG Advisers LLC now owns 14,467 shares of the company’s stock valued at $511,000 after buying an additional 469 shares during the last quarter. Finally, Smith Moore & CO. lifted its stake in First Trust Growth Strength ETF by 6.2% in the 3rd quarter. Smith Moore & CO. now owns 8,103 shares of the company’s stock valued at $291,000 after acquiring an additional 476 shares in the last quarter.

About First Trust Growth Strength ETF

(Get Free Report)

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.

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