Gateway Wealth Partners LLC Grows Position in First Trust Growth Strength ETF (NASDAQ:FTGS)

Gateway Wealth Partners LLC increased its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 81.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 37,772 shares of the company’s stock after purchasing an additional 16,979 shares during the quarter. Gateway Wealth Partners LLC’s holdings in First Trust Growth Strength ETF were worth $1,179,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC acquired a new stake in shares of First Trust Growth Strength ETF in the second quarter valued at about $40,000. Pinnacle Bancorp Inc. raised its position in shares of First Trust Growth Strength ETF by 93.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,086 shares of the company’s stock valued at $65,000 after acquiring an additional 1,005 shares in the last quarter. NBC Securities Inc. lifted its position in shares of First Trust Growth Strength ETF by 43.2% in the 3rd quarter. NBC Securities Inc. now owns 2,454 shares of the company’s stock worth $76,000 after buying an additional 740 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust Growth Strength ETF in the second quarter valued at approximately $117,000. Finally, Benjamin Edwards Inc. grew its stake in First Trust Growth Strength ETF by 82.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 4,245 shares of the company’s stock worth $130,000 after buying an additional 1,919 shares during the last quarter.

First Trust Growth Strength ETF Trading Up 0.1 %

NASDAQ FTGS opened at $31.40 on Tuesday. The company has a 50-day moving average price of $31.11 and a two-hundred day moving average price of $30.46. The stock has a market cap of $767.73 million, a price-to-earnings ratio of 20.80 and a beta of 1.11. First Trust Growth Strength ETF has a 52 week low of $22.69 and a 52 week high of $32.17.

First Trust Growth Strength ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.021 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.27%. This is an increase from First Trust Growth Strength ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, September 26th.

First Trust Growth Strength ETF Company 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.