First Trust Growth Strength ETF (NASDAQ:FTGS) Reaches New 52-Week High – Here’s Why

First Trust Growth Strength ETF (NASDAQ:FTGS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $32.88 and last traded at $32.88, with a volume of 7765 shares. The stock had previously closed at $32.84.

First Trust Growth Strength ETF Stock Down 0.2 %

The firm has a market capitalization of $818.11 million, a PE ratio of 20.80 and a beta of 1.11. The firm’s fifty day simple moving average is $31.26 and its 200-day simple moving average is $30.64.

First Trust Growth Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.021 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 0.26%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FTGS. GPS Wealth Strategies Group LLC purchased a new position in shares of First Trust Growth Strength ETF during the second quarter valued at approximately $40,000. Pinnacle Bancorp Inc. raised its holdings in shares of First Trust Growth Strength ETF by 93.0% during the third quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock valued at $65,000 after purchasing an additional 1,005 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of First Trust Growth Strength ETF by 43.2% during the third quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock valued at $76,000 after purchasing an additional 740 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Trust Growth Strength ETF during the second quarter valued at approximately $117,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of First Trust Growth Strength ETF by 82.5% during the second quarter. Benjamin Edwards Inc. now owns 4,245 shares of the company’s stock valued at $130,000 after purchasing an additional 1,919 shares during the last quarter.

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.