Purus Wealth Management LLC Decreases Stake in First Trust Growth Strength ETF (NASDAQ:FTGS)

Purus Wealth Management LLC lowered its position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 48.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,717 shares of the company’s stock after selling 14,070 shares during the period. Purus Wealth Management LLC owned 0.05% of First Trust Growth Strength ETF worth $462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FTGS. Cetera Investment Advisers raised its stake in First Trust Growth Strength ETF by 270.8% during the 2nd quarter. Cetera Investment Advisers now owns 663,671 shares of the company’s stock worth $20,249,000 after acquiring an additional 484,672 shares in the last quarter. CWM LLC raised its stake in shares of First Trust Growth Strength ETF by 632.4% during the 3rd quarter. CWM LLC now owns 495,469 shares of the company’s stock worth $15,469,000 after buying an additional 427,822 shares in the last quarter. ODonnell Financial Services LLC acquired a new stake in shares of First Trust Growth Strength ETF in the third quarter valued at about $12,042,000. Envestnet Asset Management Inc. raised its holdings 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 worth $18,679,000 after purchasing an additional 334,209 shares during the last quarter. Finally, EWG Elevate Inc. acquired a new position in shares of First Trust Growth Strength ETF during the 3rd quarter worth $5,172,000.

First Trust Growth Strength ETF Price Performance

FTGS stock opened at $32.54 on Monday. The company’s 50 day simple moving average is $32.32 and its 200-day simple moving average is $31.40. The firm has a market capitalization of $972.95 million, a PE ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a 12 month low of $26.82 and a 12 month high of $33.38.

First Trust Growth Strength ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.0662 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.