Purus Wealth Management LLC Makes New Investment in First Trust Growth Strength ETF (NASDAQ:FTGS)

Purus Wealth Management LLC bought a new position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,792 shares of the company’s stock, valued at approximately $909,000. Purus Wealth Management LLC owned about 0.16% of First Trust Growth Strength ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTGS. Pinnacle Bancorp Inc. bought a new stake in First Trust Growth Strength ETF during the first quarter worth $33,000. GPS Wealth Strategies Group LLC bought a new stake in First Trust Growth Strength ETF during the second quarter worth $40,000. Benjamin Edwards Inc. bought a new stake in First Trust Growth Strength ETF during the first quarter worth $71,000. Albion Financial Group UT bought a new stake in First Trust Growth Strength ETF during the second quarter worth $175,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in First Trust Growth Strength ETF during the second quarter worth $251,000.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS opened at $30.92 on Wednesday. First Trust Growth Strength ETF has a 52 week low of $22.69 and a 52 week high of $31.80. The stock has a market capitalization of $575.11 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. The stock has a fifty day moving average of $30.44 and a 200-day moving average of $30.22.

First Trust Growth Strength ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.0135 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend was Thursday, June 27th.

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.