First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Large Volume Increase – What’s Next?

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS) saw an uptick in trading volume on Monday . 226,246 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 177,105 shares.The stock last traded at $31.30 and had previously closed at $31.71.

First Trust Growth Strength ETF Stock Performance

The firm has a market capitalization of $783.43 million, a PE ratio of 20.80 and a beta of 1.11. The stock’s 50-day simple moving average is $32.27 and its 200-day simple moving average is $31.30.

First Trust Growth Strength ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.0662 dividend. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust Growth Strength ETF

Several large investors have recently bought and sold shares of FTGS. Bank of New York Mellon Corp lifted its stake in shares of First Trust Growth Strength ETF by 90.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 87,972 shares of the company’s stock valued at $2,684,000 after purchasing an additional 41,785 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Growth Strength ETF by 193.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 425,939 shares of the company’s stock valued at $12,995,000 after buying an additional 280,746 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of First Trust Growth Strength ETF in the 2nd quarter worth about $2,258,000. Kapstone Financial Advisors LLC grew its position in shares of First Trust Growth Strength ETF by 26.1% in the 2nd quarter. Kapstone Financial Advisors LLC now owns 42,333 shares of the company’s stock worth $1,292,000 after buying an additional 8,772 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of First Trust Growth Strength ETF by 212.5% in the 2nd quarter. Private Advisor Group LLC now owns 164,413 shares of the company’s stock worth $5,016,000 after acquiring an additional 111,795 shares in the last quarter.

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.