First Trust Growth Strength ETF (NASDAQ:FTGS) Reaches New 52-Week High – Here’s What Happened

First Trust Growth Strength ETF (NASDAQ:FTGS)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $36.65 and last traded at $36.57, with a volume of 42431 shares. The stock had previously closed at $36.46.

First Trust Growth Strength ETF Price Performance

The firm has a 50 day simple moving average of $35.52 and a two-hundred day simple moving average of $35.45. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 23.90 and a beta of 1.12.

First Trust Growth Strength ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.0055 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in First Trust Growth Strength ETF in the third quarter worth $28,000. Capital Investment Advisory Services LLC increased its position in shares of First Trust Growth Strength ETF by 6,214.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 884 shares of the company’s stock valued at $31,000 after buying an additional 870 shares in the last quarter. Allworth Financial LP acquired a new stake in First Trust Growth Strength ETF during the 3rd quarter worth $32,000. Private Trust Co. NA lifted its holdings in First Trust Growth Strength ETF by 49.6% during the third quarter. Private Trust Co. NA now owns 1,183 shares of the company’s stock worth $42,000 after acquiring an additional 392 shares in the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in First Trust Growth Strength ETF during the third quarter worth about $44,000.

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.