First Trust Growth Strength ETF Experiences Significant Trading Volume Surge

The First Trust Growth Strength ETF (NASDAQ:FTGS) experienced a notable increase in trading activity on Monday. Approximately 226,246 shares were exchanged during the day, reflecting a 28% rise from the previous session's volume of 177,105 shares. The ETF was last priced at $31.30, down from its previous close of $31.71.

Overview of Recent Performance

The First Trust Growth Strength ETF has a 50-day moving average of $32.27 and a 200-day moving average of $31.30. The ETF's market capitalization stands at $783.43 million, with a price-to-earnings ratio of 20.80 and a beta of 1.11, indicating its volatility compared to the overall market.

Dividend Announcement Details

Recently, the firm announced a dividend that was paid on December 31st. Shareholders on record as of December 13th received a dividend payment of $0.0662, with the ex-dividend date also set for December 13th.

Recent Hedge Fund Activity

Several institutional investors have made moves in the ETF, adjusting their holdings recently. Synovus Financial Corp increased its stake in FTGS by 15% during the third quarter, now holding 56,805 shares valued at approximately $1,773,000, after acquiring an additional 7,396 shares. Sanctuary Advisors LLC also entered a new position valued around $1,847,000, while MML Investors Services LLC made a new investment estimated at $2,590,000. Legacy Investment Solutions LLC bought new shares worth about $309,000, and Orion Portfolio Solutions LLC expanded its holdings in FTGS by 144.6%, now owning 71,246 shares worth about $2,224,000 following an additional purchase of 42,118 shares this past quarter.

About the ETF

The First Trust Growth Strength ETF, or FTGS, is designed to track the Growth Strength index. This exchange-traded fund targets an equal-weighted index of 50 well-established, large-cap US companies that possess strong market positions. The fund selects growth-oriented equities using a variety of fundamental metrics.

ETF, Investment, Dividends