Envestnet Portfolio Solutions Inc. Grows Stock Holdings in First Trust Growth Strength ETF (NASDAQ:FTGS)

Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) by 41.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,044 shares of the company’s stock after acquiring an additional 33,002 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.36% of First Trust Growth Strength ETF worth $3,550,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. FMR LLC raised its stake in shares of First Trust Growth Strength ETF by 60.4% during the 3rd quarter. FMR LLC now owns 1,609 shares of the company’s stock valued at $50,000 after purchasing an additional 606 shares during the period. Kestra Investment Management LLC purchased a new position in First Trust Growth Strength ETF during the 4th quarter valued at about $83,000. Synergy Investment Management LLC bought a new stake in shares of First Trust Growth Strength ETF during the fourth quarter valued at about $181,000. ORG Partners LLC purchased a new stake in shares of First Trust Growth Strength ETF in the fourth quarter worth about $188,000. Finally, Private Client Services LLC bought a new position in shares of First Trust Growth Strength ETF in the fourth quarter valued at approximately $212,000.

First Trust Growth Strength ETF Trading Up 1.6 %

Shares of NASDAQ:FTGS opened at $30.14 on Thursday. The company has a 50 day moving average of $31.62 and a 200 day moving average of $31.71. The stock has a market cap of $938.86 million, a P/E ratio of 19.23 and a beta of 1.11. First Trust Growth Strength ETF has a 12 month low of $28.31 and a 12 month high of $33.38.

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.