First Trust Growth Strength ETF (FTGS)

ETF First Trust Growth Strength ETF (FGR) Overview

Profile:

First Trust Growth Strength ETF (FGR) is an actively managed ETF that seeks to invest in large-cap growth stocks with strong relative strength and value characteristics. It aims to achieve capital appreciation through a combination of stock selection and allocation.

Objective:

The primary goal of FGR is to outperform the S&P 500 Growth Index by investing in growth stocks with lower valuations and stronger momentum.

Issuer:

First Trust Advisors L.P. is the issuer of FGR. First Trust is a well-established asset management firm with a strong reputation and a long track record of success.

Market Share:

FGR has a market share of approximately 0.5% within the large-cap growth ETF category.

Total Net Assets:

FGR has total net assets of approximately $2 billion.

Moat:

FGR's competitive advantages include its active management approach, focus on undervalued growth stocks, and experienced investment team.

Financial Performance:

FGR has outperformed the S&P 500 Growth Index over the last 3 and 5 years.

Growth Trajectory:

The growth trajectory for FGR is positive, with the ETF expected to continue to benefit from its active management approach and focus on undervalued growth stocks.

Liquidity:

FGR has an average trading volume of over 100,000 shares per day, making it a highly liquid ETF.

Bid-Ask Spread:

The bid-ask spread for FGR is typically tight, around 0.05%.

Market Dynamics:

The market dynamics affecting FGR include economic growth, interest rates, and investor sentiment towards growth stocks.

Competitors:

FGR's main competitors include the iShares S&P 500 Growth ETF (IVW) and the Vanguard Growth ETF (VUG).

Expense Ratio:

The expense ratio for FGR is 0.60%.

Investment Approach and Strategy:

FGR utilizes a quantitative model to identify undervalued growth stocks with strong momentum. The ETF primarily invests in large-cap stocks across various sectors.

Key Points:

• Actively managed ETF focused on undervalued growth stocks.
• Outperformed the S&P 500 Growth Index in recent years.
• Highly liquid with a low expense ratio.

Risks:

• Market risk: FGR is subject to the overall market risk associated with the stock market.
• Volatility: FGR's focus on growth stocks can lead to higher volatility compared to other ETFs.
• Active management risk: FGR's performance is dependent on the success of its active management approach.

Who Should Consider Investing:

FGR is suitable for investors seeking capital appreciation through exposure to undervalued growth stocks. Investors should be comfortable with the potential for higher volatility associated with this type of investment.

Fundamental Rating Based on AI:

8/10

FGR receives a high rating based on its strong financial performance, experienced management team, and unique investment approach. However, investors should be aware of the potential risks associated with active management and market volatility.

Resources:

• First Trust Growth Strength ETF website: https://www.ftportfolios.com/products/etfs/fgr
• Morningstar ETF report: https://www.morningstar.com/etfs/arcx/fgr/overview

Disclaimer:

This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.