FSB Premier Wealth Management Inc. Buys 57,455 Shares of First Trust Core Investment Grade ETF $FTCB

FSB Premier Wealth Management Inc. lifted its stake in shares of First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 28.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 261,250 shares of the company’s stock after purchasing an additional 57,455 shares during the period. First Trust Core Investment Grade ETF accounts for 1.8% of FSB Premier Wealth Management Inc.’s holdings, making the stock its 7th biggest position. FSB Premier Wealth Management Inc. owned about 0.35% of First Trust Core Investment Grade ETF worth $5,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in First Trust Core Investment Grade ETF by 160.8% during the second quarter. Geneos Wealth Management Inc. now owns 6,436 shares of the company’s stock worth $136,000 after acquiring an additional 3,968 shares in the last quarter. CWM LLC increased its stake in shares of First Trust Core Investment Grade ETF by 28.3% during the 2nd quarter. CWM LLC now owns 6,689 shares of the company’s stock worth $141,000 after purchasing an additional 1,476 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of First Trust Core Investment Grade ETF by 29.3% in the 2nd quarter. Private Trust Co. NA now owns 7,904 shares of the company’s stock valued at $166,000 after purchasing an additional 1,793 shares during the period. Ameritas Advisory Services LLC acquired a new stake in First Trust Core Investment Grade ETF in the 2nd quarter valued at about $198,000. Finally, EdgeRock Capital LLC bought a new position in First Trust Core Investment Grade ETF during the third quarter worth about $200,000.

First Trust Core Investment Grade ETF Price Performance

Shares of NYSEARCA FTCB opened at $21.17 on Friday. The business’s 50 day moving average price is $21.27 and its two-hundred day moving average price is $21.25. First Trust Core Investment Grade ETF has a twelve month low of $18.76 and a twelve month high of $21.87.

First Trust Core Investment Grade ETF Cuts Dividend

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

First Trust Core Investment Grade ETF 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.