Commonwealth Equity Services LLC Purchases 280,846 Shares of First Trust Growth Strength ETF (NASDAQ:FTGS)

Commonwealth Equity Services LLC raised its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 65.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 709,039 shares of the company’s stock after acquiring an additional 280,846 shares during the period. Commonwealth Equity Services LLC owned approximately 2.28% of First Trust Growth Strength ETF worth $22,264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Avantax Advisory Services Inc. lifted its position in shares of First Trust Growth Strength ETF by 46.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 160,212 shares of the company’s stock worth $5,031,000 after purchasing an additional 50,695 shares during the last quarter. PFG Advisors increased its position in First Trust Growth Strength ETF by 471.0% in the 4th quarter. PFG Advisors now owns 44,554 shares of the company’s stock worth $1,399,000 after buying an additional 36,751 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of First Trust Growth Strength ETF by 34.2% during the fourth quarter. Moors & Cabot Inc. now owns 51,399 shares of the company’s stock worth $1,614,000 after buying an additional 13,086 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Growth Strength ETF in the fourth quarter valued at approximately $30,903,000. Finally, Atria Investments Inc grew its stake in shares of First Trust Growth Strength ETF by 23.8% in the fourth quarter. Atria Investments Inc now owns 129,557 shares of the company’s stock worth $4,068,000 after acquiring an additional 24,935 shares during the last quarter.

First Trust Growth Strength ETF Trading Up 2.5 %

Shares of FTGS stock opened at $29.60 on Monday. The firm has a market capitalization of $922.04 million, a P/E ratio of 19.23 and a beta of 1.11. First Trust Growth Strength ETF has a 1 year low of $28.31 and a 1 year high of $33.38. The firm’s fifty day simple moving average is $31.72 and its 200 day simple moving average is $31.74.

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.