First Trust Growth Strength ETF (NASDAQ:FTGS) Sees Large Volume Increase – Here’s What Happened

First Trust Growth Strength ETF (NASDAQ:FTGS) saw unusually-high trading volume on Monday . Approximately 226,246 shares were traded during trading, an increase of 28% from the previous session’s volume of 177,105 shares.The stock last traded at $31.30 and had previously closed at $31.71.

First Trust Growth Strength ETF Stock Performance

The firm has a market cap of $786.42 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. The firm’s 50 day moving average is $32.29 and its 200-day moving average is $31.29.

First Trust Growth Strength ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.0662 dividend. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On First Trust Growth Strength ETF

A number of hedge funds have recently made changes to their positions in FTGS. FMR LLC lifted its holdings in shares of First Trust Growth Strength ETF by 60.4% during the third quarter. FMR LLC now owns 1,609 shares of the company’s stock valued at $50,000 after acquiring an additional 606 shares during the period. Pinnacle Bancorp Inc. lifted its position in First Trust Growth Strength ETF by 93.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock worth $65,000 after buying an additional 1,005 shares in the last quarter. NBC Securities Inc. grew its holdings in First Trust Growth Strength ETF by 43.2% during the 3rd quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock worth $76,000 after acquiring an additional 740 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in First Trust Growth Strength ETF in the 2nd quarter valued at about $117,000. Finally, Benjamin Edwards Inc. grew its stake in shares of First Trust Growth Strength ETF by 82.5% during the second quarter. Benjamin Edwards Inc. now owns 4,245 shares of the company’s stock valued at $130,000 after purchasing an additional 1,919 shares during the last quarter.

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.