FormulaFolios Smart Growth ETF (BATS:FFSG) Shares Sold by Brookstone Capital Management

Brookstone Capital Management reduced its stake in FormulaFolios Smart Growth ETF (BATS:FFSG) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 532,701 shares of the company’s stock after selling 55,091 shares during the period. Brookstone Capital Management owned approximately 0.78% of FormulaFolios Smart Growth ETF worth $17,159,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in FormulaFolios Smart Growth ETF by 208.4% in the 1st quarter. Larson Financial Group LLC now owns 1,178 shares of the company’s stock valued at $37,000 after purchasing an additional 796 shares in the last quarter. UBS Group AG grew its holdings in FormulaFolios Smart Growth ETF by 41.7% during the 4th quarter. UBS Group AG now owns 1,608 shares of the company’s stock worth $49,000 after acquiring an additional 473 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of FormulaFolios Smart Growth ETF in the 2nd quarter valued at approximately $212,000. Flow Traders U.S. LLC acquired a new stake in shares of FormulaFolios Smart Growth ETF in the 1st quarter valued at $285,000. Finally, Susquehanna International Group LLP lifted its position in shares of FormulaFolios Smart Growth ETF by 25.5% during the 4th quarter. Susquehanna International Group LLP now owns 24,804 shares of the company’s stock worth $762,000 after purchasing an additional 5,034 shares during the last quarter.

FormulaFolios Smart Growth ETF Price Performance

BATS:FFSG traded down $0.26 during trading hours on Friday, hitting $32.44. The company’s stock had a trading volume of 6,198 shares. The company has a 50-day simple moving average of $32.78 and a two-hundred day simple moving average of $31.92. The company has a market capitalization of $20.43 million, a PE ratio of 14.96 and a beta of 0.94.

About FormulaFolios Smart Growth ETF

The FormulaFolios Smart Growth ETF (FFSG) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed fund of funds. The portfolio allocates between growth-oriented US and international stock ETFs, and can hold US Treasurys to protect against equity. FFSG was launched on Oct 31, 2017 and is managed by FormulaFolios.