LaSalle St. Investment Advisors LLC Takes $250,000 Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

LaSalle St. Investment Advisors LLC acquired a new stake in First Trust Growth Strength ETF (NASDAQ:FTGS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,967 shares of the company’s stock, valued at approximately $250,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of First Trust Growth Strength ETF during the fourth quarter worth $30,903,000. LPL Financial LLC boosted its stake in shares of First Trust Growth Strength ETF by 33.0% during the fourth quarter. LPL Financial LLC now owns 3,812,706 shares of the company’s stock valued at $119,719,000 after purchasing an additional 945,823 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Growth Strength ETF by 40.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,454,092 shares of the company’s stock worth $45,658,000 after purchasing an additional 418,807 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in First Trust Growth Strength ETF by 65.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 709,039 shares of the company’s stock valued at $22,264,000 after buying an additional 280,846 shares during the last quarter. Finally, OneAscent Financial Services LLC bought a new stake in First Trust Growth Strength ETF during the 4th quarter worth approximately $5,299,000.

First Trust Growth Strength ETF Stock Performance

Shares of NASDAQ:FTGS opened at $28.84 on Tuesday. The firm has a market cap of $921.44 million, a PE ratio of 18.72 and a beta of 1.11. First Trust Growth Strength ETF has a 52 week low of $25.74 and a 52 week high of $33.38. The firm’s fifty day moving average is $30.24 and its 200-day moving average is $31.48.

First Trust Growth Strength ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.0248 per share. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, March 27th. This represents a $0.10 annualized dividend and a yield of 0.34%.

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.