Kestra Private Wealth Services LLC Cuts Stock Position in First Trust Growth Strength ETF $FTGS

Kestra Private Wealth Services LLC cut its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 93.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,652 shares of the company’s stock after selling 164,415 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in First Trust Growth Strength ETF were worth $363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RFG Advisory LLC raised its position in First Trust Growth Strength ETF by 19.0% during the 1st quarter. RFG Advisory LLC now owns 29,171 shares of the company’s stock worth $993,000 after buying an additional 4,649 shares during the last quarter. Centennial Wealth Advisory LLC boosted its holdings in shares of First Trust Growth Strength ETF by 73.6% in the first quarter. Centennial Wealth Advisory LLC now owns 216,767 shares of the company’s stock valued at $7,380,000 after acquiring an additional 91,927 shares in the last quarter. IFC & Insurance Marketing Inc. boosted its holdings in shares of First Trust Growth Strength ETF by 36.0% in the first quarter. IFC & Insurance Marketing Inc. now owns 169,653 shares of the company’s stock valued at $5,776,000 after acquiring an additional 44,865 shares in the last quarter. Park National Corp OH boosted its holdings in shares of First Trust Growth Strength ETF by 1.6% in the first quarter. Park National Corp OH now owns 367,337 shares of the company’s stock valued at $12,506,000 after acquiring an additional 5,892 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of First Trust Growth Strength ETF during the fourth quarter worth about $261,000.

First Trust Growth Strength ETF Price Performance

NASDAQ FTGS opened at $37.79 on Friday. The stock has a market capitalization of $1.28 billion, a P/E ratio of 23.90 and a beta of 1.02. First Trust Growth Strength ETF has a 52-week low of $33.00 and a 52-week high of $37.92. The firm has a 50-day moving average price of $36.70 and a 200 day moving average price of $35.93.

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.