Park Avenue Securities LLC Raises Stake in First Trust Core Investment Grade ETF $FTCB

Park Avenue Securities LLC raised its position in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,228 shares of the company’s stock after purchasing an additional 26,064 shares during the period. Park Avenue Securities LLC owned 0.19% of First Trust Core Investment Grade ETF worth $3,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Osaic Holdings Inc. lifted its position in shares of First Trust Core Investment Grade ETF by 194.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,100,965 shares of the company’s stock worth $23,185,000 after purchasing an additional 726,455 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in First Trust Core Investment Grade ETF by 963.2% in the third quarter. First Heartland Consultants Inc. now owns 560,966 shares of the company’s stock valued at $11,954,000 after buying an additional 508,205 shares during the last quarter. Equitable Holdings Inc. purchased a new position in First Trust Core Investment Grade ETF in the second quarter valued at $7,047,000. AIFG Consultants Ltd. acquired a new stake in First Trust Core Investment Grade ETF in the third quarter valued at $5,850,000. Finally, Private Advisor Group LLC lifted its holdings in First Trust Core Investment Grade ETF by 46.2% during the 3rd quarter. Private Advisor Group LLC now owns 784,448 shares of the company’s stock worth $16,717,000 after buying an additional 247,721 shares during the last quarter.

First Trust Core Investment Grade ETF Stock Down 0.9%

NYSEARCA:FTCB opened at $20.89 on Monday. The stock has a 50-day simple moving average of $21.25 and a 200-day simple moving average of $21.32. First Trust Core Investment Grade ETF has a 1 year low of $18.76 and a 1 year high of $21.87.

First Trust Core Investment Grade ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 5.2%.

First Trust Core Investment Grade ETF Company Profile

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.