HBW Advisory Services LLC Sells 41,015 Shares of First Trust Growth Strength ETF $FTGS

HBW Advisory Services LLC reduced its position in First Trust Growth Strength ETF (NASDAQ:FTGS) by 78.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,300 shares of the company’s stock after selling 41,015 shares during the quarter. HBW Advisory Services LLC’s holdings in First Trust Growth Strength ETF were worth $428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in First Trust Growth Strength ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock valued at $50,734,000 after buying an additional 46,709 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of First Trust Growth Strength ETF by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock valued at $40,164,000 after buying an additional 92,206 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Growth Strength ETF by 16.6% during the 1st quarter. Royal Bank of Canada now owns 514,094 shares of the company’s stock worth $17,503,000 after acquiring an additional 73,363 shares during the period. Hobart Private Capital LLC lifted its holdings in shares of First Trust Growth Strength ETF by 5.5% during the 2nd quarter. Hobart Private Capital LLC now owns 425,915 shares of the company’s stock worth $15,760,000 after acquiring an additional 22,326 shares during the period. Finally, Park National Corp OH bought a new position in shares of First Trust Growth Strength ETF during the 3rd quarter worth about $13,728,000.

First Trust Growth Strength ETF Price Performance

Shares of First Trust Growth Strength ETF stock traded down $0.52 during trading on Friday, hitting $37.99. 101,953 shares of the company’s stock traded hands, compared to its average volume of 132,583. The firm’s fifty day moving average price is $38.70 and its 200 day moving average price is $37.47. First Trust Growth Strength ETF has a twelve month low of $33.00 and a twelve month high of $40.12. The company has a market cap of $1.28 billion, a PE ratio of 23.90 and a beta of 1.02.

First Trust Growth Strength ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.0088 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, September 24th.

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