LVZ Inc. Has $2.86 Million Stock Position in First Trust Growth Strength ETF $FTGS

LVZ Inc. cut its holdings in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 22.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,114 shares of the company’s stock after selling 23,796 shares during the period. First Trust Growth Strength ETF comprises approximately 0.3% of LVZ Inc.’s investment portfolio, making the stock its 24th biggest position. LVZ Inc. owned 0.25% of First Trust Growth Strength ETF worth $2,864,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FTGS. Independent Advisor Alliance lifted its holdings in shares of First Trust Growth Strength ETF by 9.4% in the fourth quarter. Independent Advisor Alliance now owns 460,276 shares of the company’s stock worth $16,271,000 after acquiring an additional 39,578 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in shares of First Trust Growth Strength ETF by 13.8% during the 4th quarter. Centennial Wealth Advisory LLC now owns 124,840 shares of the company’s stock valued at $4,413,000 after purchasing an additional 15,124 shares during the last quarter. Assetmark Inc. grew its holdings in shares of First Trust Growth Strength ETF by 5.9% during the 4th quarter. Assetmark Inc. now owns 354,154 shares of the company’s stock valued at $12,520,000 after purchasing an additional 19,842 shares during the last quarter. Key Client Fiduciary Advisors LLC acquired a new position in First Trust Growth Strength ETF during the 4th quarter worth approximately $4,982,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in First Trust Growth Strength ETF by 7.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,125,357 shares of the company’s stock worth $39,782,000 after purchasing an additional 73,699 shares in the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ:FTGS opened at $37.79 on Monday. First Trust Growth Strength ETF has a one year low of $33.00 and a one year high of $37.92. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02. The firm has a 50 day simple moving average of $36.70 and a 200 day simple moving average 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.