Assetmark Inc. Acquires 45,332 Shares of First Trust Core Investment Grade ETF $FTCB

Assetmark Inc. raised its holdings in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 522,527 shares of the company’s stock after buying an additional 45,332 shares during the period. Assetmark Inc. owned about 0.70% of First Trust Core Investment Grade ETF worth $11,135,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Core Investment Grade ETF during the 3rd quarter worth approximately $62,000. Geneos Wealth Management Inc. increased its holdings in shares of First Trust Core Investment Grade ETF by 160.8% in the second quarter. Geneos Wealth Management Inc. now owns 6,436 shares of the company’s stock valued at $136,000 after purchasing an additional 3,968 shares during the last quarter. CWM LLC raised its position in shares of First Trust Core Investment Grade ETF by 28.3% in the second quarter. CWM LLC now owns 6,689 shares of the company’s stock valued at $141,000 after purchasing an additional 1,476 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of First Trust Core Investment Grade ETF in the third quarter valued at about $145,000. Finally, Private Trust Co. NA lifted its stake in shares of First Trust Core Investment Grade ETF by 29.3% during the 2nd quarter. Private Trust Co. NA now owns 7,904 shares of the company’s stock worth $166,000 after buying an additional 1,793 shares during the last quarter.

First Trust Core Investment Grade ETF Stock Up 0.3%

Shares of FTCB stock opened at $21.43 on Monday. First Trust Core Investment Grade ETF has a 52 week low of $18.76 and a 52 week high of $21.87. The company has a 50-day simple moving average of $21.23 and a 200 day simple moving average of $21.29.

First Trust Core Investment Grade ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were issued a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Wednesday, January 21st.

About First Trust Core Investment Grade ETF

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.