Independent Advisor Alliance Has $16.27 Million Stake in First Trust Growth Strength ETF $FTGS

Independent Advisor Alliance raised its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 9.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 460,276 shares of the company’s stock after buying an additional 39,578 shares during the period. Independent Advisor Alliance’s holdings in First Trust Growth Strength ETF were worth $16,271,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. WPG Advisers LLC lifted its stake in First Trust Growth Strength ETF by 2.6% in the third quarter. WPG Advisers LLC now owns 13,998 shares of the company’s stock valued at $503,000 after buying an additional 356 shares during the period. Petix & Botte Co lifted its stake in First Trust Growth Strength ETF by 4.6% in the third quarter. Petix & Botte Co now owns 8,626 shares of the company’s stock valued at $310,000 after buying an additional 376 shares during the period. Lake Street Private Wealth LLC lifted its stake in First Trust Growth Strength ETF by 7.2% in the fourth quarter. Lake Street Private Wealth LLC now owns 6,271 shares of the company’s stock valued at $222,000 after buying an additional 420 shares during the period. Smith Moore & CO. lifted its stake in First Trust Growth Strength ETF by 6.2% in the third quarter. Smith Moore & CO. now owns 8,103 shares of the company’s stock valued at $291,000 after buying an additional 476 shares during the period. Finally, West Michigan Advisors LLC lifted its stake in First Trust Growth Strength ETF by 0.8% in the fourth quarter. West Michigan Advisors LLC now owns 75,039 shares of the company’s stock valued at $2,653,000 after buying an additional 564 shares during the period.

First Trust Growth Strength ETF Price Performance

Shares of First Trust Growth Strength ETF stock opened at $36.18 on Wednesday. First Trust Growth Strength ETF has a 1 year low of $32.00 and a 1 year high of $37.04. The business has a 50-day moving average of $35.34 and a two-hundred day moving average of $35.49. The company has a market capitalization of $1.23 billion, a P/E ratio of 23.90 and a beta of 1.03.

About First Trust Growth Strength ETF

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.