First Trust Growth Strength ETF (NASDAQ:FTGS) Experiences Surge in Trading Volume

The First Trust Growth Strength ETF (NASDAQ:FTGS) observed a significant increase in trading volume on Monday. Around 226,246 shares changed hands, marking a 28% rise from the previous day’s trading volume of 177,105 shares. The stock was last traded at $31.30, having closed at $31.71 in the previous session.

Performance Overview of First Trust Growth Strength ETF

The ETF currently has a 50-day moving average of $32.27 and a 200-day moving average of $31.30. Its market capitalization stands at approximately $783.43 million, with a price-to-earnings ratio of 20.80. The beta value is recorded at 1.11, indicating its volatility relative to the overall market.

Recent Dividend Declaration

The First Trust Growth Strength ETF has also announced a recent dividend, which was processed on Tuesday, December 31st. Investors who were on record as of Friday, December 13th, received a dividend of $0.0662 per share. The dividend's ex-date was also on Friday, December 13th.

Institutional Investments in First Trust Growth Strength ETF

Several significant investors have recently adjusted their holdings in the First Trust Growth Strength ETF. Synovus Financial Corp, for instance, increased its stake by 15% during the third quarter, acquiring an additional 7,396 shares, which brought its total holdings to 56,805 shares valued at about $1,773,000. Another firm, Sanctuary Advisors LLC, established a new position in the ETF worth about $1,847,000 during the same period. MML Investors Services LLC also made a new investment in the ETF valued at roughly $2,590,000. Additionally, Legacy Investment Solutions LLC purchased about $309,000 worth of shares. Lastly, Orion Portfolio Solutions LLC more than doubled its stake in the third quarter, now owning 71,246 shares worth approximately $2,224,000 after acquiring 42,118 additional shares.

About the First Trust Growth Strength ETF

The First Trust Growth Strength ETF is an exchange-traded fund designed to track the Growth Strength index. It focuses on a selection of 50 large-cap companies in the US with strong market positions, using fundamental metrics to identify promising growth equities.

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ETF, Investments, Dividends