Concourse Financial Group Securities Inc. Has $986,000 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 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,650 shares of the company’s stock after acquiring an additional 4,074 shares during the quarter. Concourse Financial Group Securities Inc. owned 0.10% of First Trust Growth Strength ETF worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FTGS. Envestnet Portfolio Solutions Inc. raised its holdings in First Trust Growth Strength ETF by 41.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 113,044 shares of the company’s stock valued at $3,550,000 after acquiring an additional 33,002 shares in the last quarter. ORG Partners LLC bought a new stake in shares of First Trust Growth Strength ETF during the fourth quarter valued at approximately $188,000. Janney Montgomery Scott LLC increased its position in shares of First Trust Growth Strength ETF by 73.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 124,861 shares of the company’s stock valued at $3,921,000 after purchasing an additional 52,905 shares during the period. OneAscent Financial Services LLC acquired a new position in shares of First Trust Growth Strength ETF in the fourth quarter valued at $5,299,000. Finally, LPL Financial LLC lifted its position in First Trust Growth Strength ETF by 33.0% in the fourth quarter. LPL Financial LLC now owns 3,812,706 shares of the company’s stock worth $119,719,000 after purchasing an additional 945,823 shares during the period.

First Trust Growth Strength ETF Price Performance

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

First Trust Growth Strength ETF Increases Dividend

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

First Trust Growth Strength ETF 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.