Avantax Advisory Services Inc. Increases Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Avantax Advisory Services Inc. lifted its holdings in First Trust Growth Strength ETF (NASDAQ:FTGS) by 46.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,212 shares of the company’s stock after purchasing an additional 50,695 shares during the period. Avantax Advisory Services Inc. owned about 0.51% of First Trust Growth Strength ETF worth $5,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FTGS. Raymond James Financial Inc. purchased a new position in shares of First Trust Growth Strength ETF in the 4th quarter valued at about $30,903,000. Assetmark Inc. increased its stake in First Trust Growth Strength ETF by 50.5% during the 4th quarter. Assetmark Inc. now owns 443,822 shares of the company’s stock worth $13,936,000 after buying an additional 148,966 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in First Trust Growth Strength ETF during the 4th quarter worth approximately $4,621,000. Merit Financial Group LLC purchased a new stake in First Trust Growth Strength ETF during the 4th quarter worth approximately $2,867,000. Finally, MML Investors Services LLC purchased a new stake in First Trust Growth Strength ETF during the 3rd quarter worth approximately $2,590,000.

First Trust Growth Strength ETF Trading Up 2.5 %

NASDAQ:FTGS opened at $29.60 on Friday. First Trust Growth Strength ETF has a 12 month low of $28.31 and a 12 month high of $33.38. The stock has a 50 day moving average of $31.72 and a two-hundred day moving average of $31.73. The firm has a market cap of $922.04 million, a P/E ratio of 19.23 and a beta of 1.11.

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.