Integrated Wealth Concepts LLC Sells 16,444 Shares of First Trust Growth Strength ETF $FTGS

Integrated Wealth Concepts LLC decreased its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 6.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 252,444 shares of the company’s stock after selling 16,444 shares during the period. Integrated Wealth Concepts LLC’s holdings in First Trust Growth Strength ETF were worth $9,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FTGS. Orion Capital Management LLC purchased a new position in First Trust Growth Strength ETF in the 2nd quarter worth approximately $27,000. Rothschild Investment LLC bought a new position in First Trust Growth Strength ETF in the 4th quarter valued at approximately $28,000. Allworth Financial LP purchased a new stake in First Trust Growth Strength ETF during the 3rd quarter valued at $32,000. Cullen Frost Bankers Inc. boosted its stake in First Trust Growth Strength ETF by 58.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,039 shares of the company’s stock valued at $37,000 after purchasing an additional 385 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of First Trust Growth Strength ETF by 100.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,111 shares of the company’s stock worth $40,000 after purchasing an additional 557 shares in the last quarter.

First Trust Growth Strength ETF Price Performance

FTGS stock opened at $37.67 on Friday. The stock has a market capitalization of $1.27 billion, a P/E ratio of 23.90 and a beta of 1.01. First Trust Growth Strength ETF has a 1-year low of $33.00 and a 1-year high of $40.12. The business has a fifty day moving average price of $38.65 and a 200-day moving average price of $36.91.

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.