Gateway Wealth Partners LLC Purchases 91,304 Shares of First Trust Growth Strength ETF $FTGS

Gateway Wealth Partners LLC grew its stake in First Trust Growth Strength ETF (NASDAQ:FTGS) by 118.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 168,521 shares of the company’s stock after buying an additional 91,304 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Growth Strength ETF were worth $5,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its holdings in First Trust Growth Strength ETF by 3.2% during the 1st 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 during the last quarter. Assetmark Inc. raised its holdings in First Trust Growth Strength ETF by 12.2% during the 1st quarter. Assetmark Inc. now owns 397,456 shares of the company’s stock worth $13,532,000 after purchasing an additional 43,302 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of First Trust Growth Strength ETF during the first quarter worth approximately $2,497,000. Bank of New York Mellon Corp lifted its stake in shares of First Trust Growth Strength ETF by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 100,283 shares of the company’s stock valued at $3,414,000 after purchasing an additional 6,729 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of First Trust Growth Strength ETF by 2.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 22,480 shares of the company’s stock valued at $765,000 after acquiring an additional 544 shares during the period.

First Trust Growth Strength ETF Stock Performance

NASDAQ:FTGS opened at $37.29 on Monday. The stock has a 50-day moving average price of $37.19 and a two-hundred day moving average price of $36.16. First Trust Growth Strength ETF has a 1 year low of $33.00 and a 1 year high of $38.65. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 23.90 and a beta of 1.02.

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.