The First Trust Growth Strength ETF (FTGS) experienced a significant inflow of approximately $276.8 million, marking a 23.6% increase in outstanding units from 33,850,002 to 41,850,002 within a week. This notable change occurred on a recent trading day.
Among FTGS’s largest components, Vertiv Holdings Co (VRT) saw a decrease of about 2.8%, Arista Networks Inc (ANET) dropped approximately 2.5%, while The Trade Desk Inc (TTD) increased by about 1.4%. The ETF’s current share price is $34.64, which is near its 52-week high of $34.825 and above the low of $25.74.
Overall, the inflow indicates strong investor demand, which necessitates the purchase of underlying assets within the ETF, potentially influencing the individual components held.
