First Trust Growth Strength ETF $FTGS Holdings Cut by Atria Investments Inc

Atria Investments Inc lowered its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 23.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 77,963 shares of the company’s stock after selling 23,941 shares during the period. Atria Investments Inc’s holdings in First Trust Growth Strength ETF were worth $2,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in shares of First Trust Growth Strength ETF during the third quarter worth $28,000. Private Trust Co. NA increased its position 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 worth $42,000 after purchasing an additional 392 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of First Trust Growth Strength ETF during the 3rd quarter worth about $44,000. Retirement Guys Formula LLC purchased a new stake in shares of First Trust Growth Strength ETF during the 3rd quarter worth about $218,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of First Trust Growth Strength ETF during the 3rd quarter valued at about $228,000.

First Trust Growth Strength ETF Stock Performance

Shares of NASDAQ FTGS opened at $35.28 on Tuesday. The business has a 50 day simple moving average of $35.82 and a 200 day simple moving average of $35.56. First Trust Growth Strength ETF has a 52 week low of $25.74 and a 52 week high of $36.71. The stock has a market cap of $1.25 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 announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.0055 dividend. This represents a $0.02 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend 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.