First Trust Growth Strength ETF (NASDAQ:FTGS) Reaches New 12-Month Low – Here’s What Happened

Shares of First Trust Growth Strength ETF (NASDAQ:FTGS) hit a new 52-week low during trading on Friday . The company traded as low as $27.57 and last traded at $27.69, with a volume of 56505 shares traded. The stock had previously closed at $28.67.

First Trust Growth Strength ETF Stock Down 5.9 %

The company’s fifty day moving average is $30.98 and its 200 day moving average is $31.66. The firm has a market cap of $840.12 million, a price-to-earnings ratio of 20.83 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.0248 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. This represents a $0.10 annualized dividend and a dividend yield of 0.37%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of First Trust Growth Strength ETF by 60.4% in the 3rd quarter. FMR LLC now owns 1,609 shares of the company’s stock valued at $50,000 after purchasing an additional 606 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its position in shares of First Trust Growth Strength ETF by 5.2% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 14,441 shares of the company’s stock worth $453,000 after buying an additional 709 shares during the last quarter. Barry Investment Advisors LLC boosted its stake in First Trust Growth Strength ETF by 4.4% in the fourth quarter. Barry Investment Advisors LLC now owns 17,934 shares of the company’s stock valued at $563,000 after buying an additional 751 shares in the last quarter. San Luis Wealth Advisors LLC grew its position in First Trust Growth Strength ETF by 0.5% in the fourth quarter. San Luis Wealth Advisors LLC now owns 154,784 shares of the company’s stock valued at $4,860,000 after acquiring an additional 776 shares during the last quarter. Finally, Ergawealth Advisors Inc. raised its stake in First Trust Growth Strength ETF by 4.3% during the fourth quarter. Ergawealth Advisors Inc. now owns 18,905 shares of the company’s stock worth $594,000 after acquiring an additional 785 shares in the last quarter.

First Trust Growth Strength ETF Company 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.