ODonnell Financial Services LLC Buys New Stake in First Trust Growth Strength ETF (NASDAQ:FTGS)

ODonnell Financial Services LLC bought a new stake in First Trust Growth Strength ETF (NASDAQ:FTGS) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 385,718 shares of the company’s stock, valued at approximately $12,042,000. First Trust Growth Strength ETF makes up about 4.9% of ODonnell Financial Services LLC’s investment portfolio, making the stock its 8th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC lifted its position 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 buying an additional 1,399,347 shares during the last quarter. Cetera Investment Advisers lifted its position in First Trust Growth Strength ETF by 270.8% in the second quarter. Cetera Investment Advisers now owns 663,671 shares of the company’s stock valued at $20,249,000 after acquiring an additional 484,672 shares during the last quarter. CWM LLC boosted its stake in First Trust Growth Strength ETF by 632.4% in the third 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 in the last quarter. Envestnet Asset Management Inc. increased its position in shares of 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 in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of First Trust Growth Strength ETF by 193.4% during the second 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 in the last quarter.

First Trust Growth Strength ETF Stock Performance

First Trust Growth Strength ETF stock opened at $31.65 on Wednesday. The company has a market capitalization of $769.10 million, a P/E ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a fifty-two week low of $22.69 and a fifty-two week high of $32.17. The stock has a 50-day simple moving average of $31.04 and a 200-day simple moving average of $30.43.

First Trust Growth Strength ETF Increases Dividend

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

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.