Acorn Wealth Advisors LLC Acquires 27,953 Shares of First Trust Core Investment Grade ETF $FTCB

Acorn Wealth Advisors LLC boosted its holdings in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 31.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,222 shares of the company’s stock after acquiring an additional 27,953 shares during the quarter. Acorn Wealth Advisors LLC owned 0.16% of First Trust Core Investment Grade ETF worth $2,519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTCB. Arkadios Wealth Advisors raised its stake in shares of First Trust Core Investment Grade ETF by 36.6% in the third quarter. Arkadios Wealth Advisors now owns 52,848 shares of the company’s stock worth $1,126,000 after purchasing an additional 14,174 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in First Trust Core Investment Grade ETF in the 3rd quarter valued at $200,000. Stephens Inc. AR lifted its stake in First Trust Core Investment Grade ETF by 2.3% during the 3rd quarter. Stephens Inc. AR now owns 1,217,273 shares of the company’s stock valued at $25,940,000 after acquiring an additional 26,984 shares in the last quarter. LVZ Inc. boosted its holdings in First Trust Core Investment Grade ETF by 1.0% during the 3rd quarter. LVZ Inc. now owns 3,074,804 shares of the company’s stock worth $65,524,000 after acquiring an additional 31,783 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in First Trust Core Investment Grade ETF by 18.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 285,803 shares of the company’s stock worth $6,090,000 after acquiring an additional 44,857 shares during the last quarter.

First Trust Core Investment Grade ETF Trading Up 0.1%

Shares of FTCB stock opened at $21.17 on Friday. The firm has a 50-day moving average of $21.27 and a 200-day moving average of $21.25. First Trust Core Investment Grade ETF has a one year low of $18.76 and a one year high of $21.87.

First Trust Core Investment Grade ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be paid a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Wednesday, January 21st.

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.