Herold Advisors Inc. Has $767,000 Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Herold Advisors Inc. raised its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,152 shares of the company’s stock after acquiring an additional 4,194 shares during the quarter. Herold Advisors Inc. owned about 0.75% of First Trust Growth Strength ETF worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Park National Corp OH increased its position in First Trust Growth Strength ETF by 24.7% in the 4th quarter. Park National Corp OH now owns 291,015 shares of the company’s stock valued at $7,924,000 after acquiring an additional 57,592 shares in the last quarter. RiverTree Advisors LLC acquired a new stake in First Trust Growth Strength ETF in the 4th quarter valued at about $7,892,000. Commonwealth Equity Services LLC acquired a new stake in First Trust Growth Strength ETF in the 3rd quarter valued at about $2,798,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in First Trust Growth Strength ETF by 49.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 97,970 shares of the company’s stock valued at $2,329,000 after acquiring an additional 32,284 shares in the last quarter.

First Trust Growth Strength ETF Price Performance

Shares of NASDAQ:FTGS opened at $29.41 on Friday. The company has a 50 day moving average of $29.85 and a 200-day moving average of $27.43. The stock has a market cap of $266.16 million, a price-to-earnings ratio of 18.75 and a beta of 1.11. First Trust Growth Strength ETF has a one year low of $21.10 and a one year high of $31.29.

First Trust Growth Strength ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a $0.0209 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.28%.

First Trust Growth Strength ETF 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.