First Trust Growth Strength ETF (NASDAQ:FTGS) Hits New 12-Month High – What’s Next?

First Trust Growth Strength ETF (NASDAQ:FTGS) reached a new 52-week high on Monday . The stock traded as high as $39.87 and last traded at $39.82, with a volume of 1405 shares trading hands. The stock had previously closed at $39.44.

First Trust Growth Strength ETF Stock Up 0.8%

The company has a market cap of $1.35 billion, a P/E ratio of 23.90 and a beta of 1.01. The company has a fifty day moving average of $37.59 and a 200 day moving average of $36.33.

Institutional Investors Weigh In On First Trust Growth Strength ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its position in First Trust Growth Strength ETF by 2.7% during the fourth quarter. LPL Financial LLC now owns 5,380,375 shares of the company’s stock valued at $190,200,000 after buying an additional 141,697 shares during the period. Raymond James Financial Inc. raised its position in First Trust Growth Strength ETF by 31.1% in the third quarter. Raymond James Financial Inc. now owns 1,559,896 shares of the company’s stock worth $56,016,000 after acquiring an additional 370,142 shares during the period. Cetera Investment Advisers raised its position in First Trust Growth Strength ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock worth $50,734,000 after acquiring an additional 46,709 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of 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 acquiring an additional 73,699 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of First Trust Growth Strength ETF by 1.9% during the 4th quarter. Stifel Financial Corp now owns 756,372 shares of the company’s stock worth $26,742,000 after acquiring an additional 14,241 shares during 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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.