Concourse Financial Group Securities Inc. Has $986,000 Stock Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Concourse Financial Group Securities Inc. grew its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 15.9% in the fourth quarter, HoldingsChannel reports. The fund owned 29,650 shares of the company’s stock after buying an additional 4,074 shares during the period. Concourse Financial Group Securities Inc.’s holdings in First Trust Growth Strength ETF were worth $986,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its position in shares of First Trust Growth Strength ETF by 60.4% during the 3rd quarter. FMR LLC now owns 1,609 shares of the company’s stock worth $50,000 after purchasing an additional 606 shares in the last quarter. Wells Fargo & Company MN grew its position in First Trust Growth Strength ETF by 465.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,255 shares of the company’s stock worth $71,000 after buying an additional 1,856 shares in the last quarter. Kestra Investment Management LLC bought a new position in First Trust Growth Strength ETF during the 4th quarter worth $83,000. Tucker Asset Management LLC raised its holdings in First Trust Growth Strength ETF by 34.1% in the 4th quarter. Tucker Asset Management LLC now owns 4,019 shares of the company’s stock valued at $126,000 after acquiring an additional 1,021 shares in the last quarter. Finally, Synergy Investment Management LLC bought a new stake in shares of First Trust Growth Strength ETF during the 4th quarter valued at $181,000.

First Trust Growth Strength ETF Stock Performance

FTGS opened at $28.46 on Friday. The firm has a market cap of $914.99 million, a P/E ratio of 18.72 and a beta of 1.11. The business’s fifty day moving average is $29.93 and its 200-day moving average is $31.41. First Trust Growth Strength ETF has a 52-week low of $25.74 and a 52-week high of $33.38.

First Trust Growth Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.0248 dividend. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. This represents a $0.10 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Thursday, March 27th.

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.