20,793 Shares in First Trust Growth Strength ETF (NASDAQ:FTGS) Purchased by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC purchased a new stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 20,793 shares of the company’s stock, valued at approximately $634,000.

Several other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in First Trust Growth Strength ETF by 15.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 113,015 shares of the company’s stock valued at $3,077,000 after purchasing an additional 15,045 shares in the last quarter. Park National Corp OH increased its position in shares of First Trust Growth Strength ETF by 1.0% during the 1st quarter. Park National Corp OH now owns 293,910 shares of the company’s stock valued at $9,026,000 after purchasing an additional 2,895 shares during the last quarter. International Assets Investment Management LLC bought a new position in First Trust Growth Strength ETF during the 1st quarter valued at about $264,000. RiverTree Advisors LLC raised its position in First Trust Growth Strength ETF by 2.1% in the 1st quarter. RiverTree Advisors LLC now owns 296,005 shares of the company’s stock worth $9,090,000 after purchasing an additional 6,162 shares during the period. Finally, Pinnacle Bancorp Inc. bought a new position in shares of First Trust Growth Strength ETF during the 1st quarter worth $33,000.

First Trust Growth Strength ETF Stock Performance

Shares of FTGS opened at $31.18 on Monday. The company has a 50 day moving average price of $30.45 and a 200-day moving average price of $30.29. First Trust Growth Strength ETF has a fifty-two week low of $22.69 and a fifty-two week high of $32.00. The stock has a market capitalization of $579.95 million, a PE ratio of 20.80 and a beta of 1.11.

First Trust Growth Strength ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be given a $0.021 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.27%. This is a positive change from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, September 26th.

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.