GDS Wealth Management Grows Holdings in First Trust TCW Securitized Plus ETF $DEED

GDS Wealth Management raised its position in First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,080,075 shares of the company’s stock after buying an additional 55,709 shares during the period. First Trust TCW Securitized Plus ETF accounts for 1.5% of GDS Wealth Management’s investment portfolio, making the stock its 23rd biggest holding. GDS Wealth Management owned 33.75% of First Trust TCW Securitized Plus ETF worth $23,092,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DEED. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust TCW Securitized Plus ETF during the second quarter valued at approximately $34,000. Twin Peaks Wealth Advisors LLC bought a new position in First Trust TCW Securitized Plus ETF in the 2nd quarter valued at $43,000. Geneos Wealth Management Inc. increased its position in shares of First Trust TCW Securitized Plus ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $63,000 after purchasing an additional 2,000 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of First Trust TCW Securitized Plus ETF in the 3rd quarter worth about $88,000. Finally, Darwin Wealth Management LLC bought a new position in First Trust TCW Securitized Plus ETF during the second quarter valued at about $143,000.

First Trust TCW Securitized Plus ETF Stock Up 0.2%

Shares of DEED stock opened at $21.60 on Friday. The firm’s 50-day simple moving average is $21.61 and its two-hundred day simple moving average is $21.42. First Trust TCW Securitized Plus ETF has a 52 week low of $20.37 and a 52 week high of $21.75.

First Trust TCW Securitized Plus ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be paid a $0.075 dividend. This is an increase from First Trust TCW Securitized Plus ETF’s previous monthly dividend of $0.07. The ex-dividend date is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

First Trust TCW Securitized Plus ETF Company Profile

The First Trust TCW Securitized Plus ETF (DEED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund of US securitized debt securities that have broad maturities. DEED was launched on Apr 29, 2020 and is managed by First Trust.