Park Avenue Securities LLC Buys 53,336 Shares of First Trust Growth Strength ETF $FTGS

Park Avenue Securities LLC bought a new position in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) during the 3rd quarter, Holdings Channel.com reports. The firm bought 53,336 shares of the company’s stock, valued at approximately $2,023,000.

Several other institutional investors also recently bought and sold shares of FTGS. Gateway Wealth Partners LLC lifted its position in shares of First Trust Growth Strength ETF by 118.2% in the first quarter. Gateway Wealth Partners LLC now owns 168,521 shares of the company’s stock worth $5,737,000 after buying an additional 91,304 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of First Trust Growth Strength ETF during the 2nd quarter valued at about $928,000. Avior Wealth Management LLC acquired a new position in shares of First Trust Growth Strength ETF during the 3rd quarter valued at about $4,287,000. Cetera Investment Advisers raised its stake in shares of First Trust Growth Strength ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock valued at $50,734,000 after acquiring an additional 46,709 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust Growth Strength ETF by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,085,460 shares of the company’s stock valued at $40,164,000 after acquiring an additional 92,206 shares in the last quarter.

First Trust Growth Strength ETF Stock Performance

FTGS opened at $37.47 on Friday. The business has a 50 day moving average price of $38.40 and a 200 day moving average price of $37.00. First Trust Growth Strength ETF has a twelve month low of $33.00 and a twelve month high of $40.12. The firm has a market cap of $1.27 billion, a P/E ratio of 23.90 and a beta of 1.02.

First Trust Growth Strength ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.0088 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%.

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. FTGS was launched on Oct 25, 2022 and is managed by First Trust.