Benjamin Edwards Inc. Sells 13,932 Shares of First Trust Growth Strength ETF $FTGS

Benjamin Edwards Inc. trimmed its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,312 shares of the company’s stock after selling 13,932 shares during the period. Benjamin Edwards Inc.’s holdings in First Trust Growth Strength ETF were worth $5,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. CWM LLC lifted its position in shares of First Trust Growth Strength ETF by 1.6% during the 3rd quarter. CWM LLC now owns 1,308,488 shares of the company’s stock valued at $46,988,000 after buying an additional 20,197 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust Growth Strength ETF by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,249,526 shares of the company’s stock worth $42,721,000 after acquiring an additional 20,912 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Growth Strength ETF by 9.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,238,254 shares of the company’s stock valued at $42,336,000 after acquiring an additional 109,655 shares during the period. Osaic Holdings Inc. lifted its holdings in First Trust Growth Strength ETF by 9.4% during the second quarter. Osaic Holdings Inc. now owns 665,133 shares of the company’s stock valued at $22,663,000 after purchasing an additional 57,036 shares during the last quarter. Finally, ODonnell Financial Services LLC boosted its position in First Trust Growth Strength ETF by 0.7% during the second quarter. ODonnell Financial Services LLC now owns 489,668 shares of the company’s stock worth $16,742,000 after purchasing an additional 3,559 shares during the period.

First Trust Growth Strength ETF Stock Up 0.7%

FTGS opened at $36.32 on Friday. The firm has a 50-day moving average price of $35.30 and a 200-day moving average price of $35.29. First Trust Growth Strength ETF has a twelve month low of $25.74 and a twelve month high of $36.65. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 23.90 and a beta of 1.12.

First Trust Growth Strength ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.0055 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, December 12th.

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