RiverTree Advisors LLC Lowers Stake in First Trust Growth Strength ETF (NASDAQ:FTGS)

RiverTree Advisors LLC decreased its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 266,840 shares of the company’s stock after selling 19,471 shares during the quarter. First Trust Growth Strength ETF makes up 5.6% of RiverTree Advisors LLC’s investment portfolio, making the stock its 6th largest position. RiverTree Advisors LLC owned approximately 1.10% of First Trust Growth Strength ETF worth $8,331,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of First Trust Growth Strength ETF by 360.2% during the 2nd quarter. LPL Financial LLC now owns 1,787,857 shares of the company’s stock worth $54,548,000 after acquiring an additional 1,399,347 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Growth Strength ETF by 270.8% in the 2nd quarter. Cetera Investment Advisers now owns 663,671 shares of the company’s stock valued at $20,249,000 after purchasing an additional 484,672 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in First Trust Growth Strength ETF by 120.2% during the second quarter. Envestnet Asset Management Inc. now owns 612,216 shares of the company’s stock valued at $18,679,000 after buying an additional 334,209 shares during the period. CWM LLC lifted its stake in shares of First Trust Growth Strength ETF by 632.4% in the 3rd quarter. CWM LLC now owns 495,469 shares of the company’s stock valued at $15,469,000 after acquiring an additional 427,822 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in First Trust Growth Strength ETF by 193.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 425,939 shares of the company’s stock worth $12,995,000 after purchasing an additional 280,746 shares during the period.

First Trust Growth Strength ETF Price Performance

FTGS traded up $0.04 during trading on Thursday, hitting $31.46. 7,757 shares of the stock traded hands, compared to its average volume of 176,437. The firm has a 50-day moving average of $31.07 and a 200 day moving average of $30.44. The firm has a market capitalization of $767.62 million, a P/E ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a 12-month low of $22.69 and a 12-month high of $32.17.

First Trust Growth Strength ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.021 per share. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.27%.

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.