RiverTree Advisors LLC Has $9.09 Million Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

RiverTree Advisors LLC grew its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 296,005 shares of the company’s stock after purchasing an additional 6,162 shares during the period. First Trust Growth Strength ETF comprises about 6.1% of RiverTree Advisors LLC’s holdings, making the stock its 6th largest holding. RiverTree Advisors LLC owned approximately 4.14% of First Trust Growth Strength ETF worth $9,090,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Concourse Financial Group Securities Inc. purchased a new position in shares of First Trust Growth Strength ETF in the fourth quarter worth about $167,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Growth Strength ETF in the first quarter worth about $264,000. Kapstone Financial Advisors LLC purchased a new position in First Trust Growth Strength ETF during the 4th quarter valued at about $603,000. Herold Advisors Inc. increased its holdings in First Trust Growth Strength ETF by 17.5% during the 4th quarter. Herold Advisors Inc. now owns 28,152 shares of the company’s stock valued at $767,000 after purchasing an additional 4,194 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of First Trust Growth Strength ETF by 15.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 113,015 shares of the company’s stock worth $3,077,000 after acquiring an additional 15,045 shares during the period.

First Trust Growth Strength ETF Trading Up 0.3 %

Shares of FTGS stock traded up $0.10 during midday trading on Friday, reaching $30.75. 17,762 shares of the stock were exchanged, compared to its average volume of 148,689. First Trust Growth Strength ETF has a 1 year low of $22.69 and a 1 year high of $31.29. The company’s 50 day moving average is $29.97 and its two-hundred day moving average is $29.13. The firm has a market cap of $304.43 million, a PE ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 27th will be given a $0.0135 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.18%.

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.