Moors & Cabot Inc. Makes New $3.01 Million Investment in First Trust Growth Strength ETF $FTGS

Moors & Cabot Inc. acquired a new stake in First Trust Growth Strength ETF (NASDAQ:FTGS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,333 shares of the company’s stock, valued at approximately $3,008,000.

Several other large investors also recently bought and sold shares of the stock. Silver Grove Financial Group Inc. increased its position in shares of First Trust Growth Strength ETF by 91.0% during the third quarter. Silver Grove Financial Group Inc. now owns 701 shares of the company’s stock worth $27,000 after purchasing an additional 334 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of First Trust Growth Strength ETF by 7.3% in the 3rd quarter. International Assets Investment Management LLC now owns 25,198 shares of the company’s stock valued at $962,000 after purchasing an additional 1,715 shares during the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Growth Strength ETF in the 3rd quarter valued at about $11,056,000. Integrity Alliance LLC. purchased a new stake in shares of First Trust Growth Strength ETF in the 3rd quarter valued at about $223,000. Finally, Signature Equity Partners LLC boosted its position in shares of First Trust Growth Strength ETF by 1,704.1% in the 3rd quarter. Signature Equity Partners LLC now owns 17,229 shares of the company’s stock valued at $653,000 after purchasing an additional 16,274 shares during the period.

First Trust Growth Strength ETF Trading Down 0.4%

Shares of NASDAQ FTGS traded down $0.17 during trading hours on Friday, reaching $37.90. The stock had a trading volume of 147,405 shares, compared to its average volume of 131,747. The firm has a 50-day moving average of $38.10 and a 200-day moving average of $37.08. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 23.68 and a beta of 1.02. First Trust Growth Strength ETF has a fifty-two week low of $33.00 and a fifty-two week high of $40.12.

First Trust Growth Strength ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.0088 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%.

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.