Envestnet Asset Management Inc. Has $36.96 Million Holdings in First Trust Growth Strength ETF $FTGS

Envestnet Asset Management Inc. lessened its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 17.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,029,216 shares of the company’s stock after selling 220,310 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Growth Strength ETF were worth $36,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of First Trust Growth Strength ETF in the third quarter worth about $28,000. Private Trust Co. NA grew its holdings in First Trust Growth Strength ETF by 49.6% in the 3rd quarter. Private Trust Co. NA now owns 1,183 shares of the company’s stock valued at $42,000 after buying an additional 392 shares during the last quarter. Salem Investment Counselors Inc. bought a new position in First Trust Growth Strength ETF in the 3rd quarter worth approximately $44,000. Retirement Guys Formula LLC bought a new position in First Trust Growth Strength ETF in the 3rd quarter worth approximately $218,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of First Trust Growth Strength ETF during the third quarter worth approximately $228,000.

First Trust Growth Strength ETF Trading Down 0.6%

FTGS opened at $35.68 on Wednesday. The business has a 50 day moving average of $35.84 and a 200-day moving average of $35.56. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.90 and a beta of 1.12. First Trust Growth Strength ETF has a 1-year low of $25.74 and a 1-year high of $36.71.

First Trust Growth Strength ETF Cuts Dividend

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

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