53,336 Shares in First Trust Growth Strength ETF $FTGS Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new stake in shares of First Trust Growth Strength ETF (NASDAQ:FTGS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 53,336 shares of the company’s stock, valued at approximately $2,023,000. Park Avenue Securities LLC owned 0.16% of First Trust Growth Strength ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Gateway Wealth Partners LLC raised its holdings in shares of First Trust Growth Strength ETF by 118.2% during the first quarter. Gateway Wealth Partners LLC now owns 168,521 shares of the company’s stock worth $5,737,000 after acquiring an additional 91,304 shares in the last quarter. Avior Wealth Management LLC acquired a new stake in First Trust Growth Strength ETF during the third quarter valued at $4,287,000. Ameritas Advisory Services LLC acquired a new stake in First Trust Growth Strength ETF during the second quarter valued at $928,000. Cetera Investment Advisers grew its stake in First Trust Growth Strength ETF by 3.2% in the first quarter. Cetera Investment Advisers now owns 1,490,187 shares of the company’s stock valued at $50,734,000 after purchasing an additional 46,709 shares in the last quarter. Finally, Park National Corp OH purchased a new position in First Trust Growth Strength ETF in the third quarter valued at about $13,728,000.

First Trust Growth Strength ETF Price Performance

Shares of FTGS stock opened at $37.47 on Friday. First Trust Growth Strength ETF has a fifty-two week low of $33.00 and a fifty-two week high of $40.12. The stock’s 50-day moving average is $38.40 and its two-hundred day moving average is $37.00. 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 issued a dividend of $0.0088 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Thursday, September 24th.

About First Trust Growth Strength ETF

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.