Maridea Wealth Management LLC Invests $624,000 in First Trust WCM Developing World Equity ETF $WCME

Maridea Wealth Management LLC bought a new stake in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,246 shares of the company’s stock, valued at approximately $624,000. Maridea Wealth Management LLC owned 3.52% of First Trust WCM Developing World Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Cetera Investment Advisers bought a new position in First Trust WCM Developing World Equity ETF during the second quarter worth about $413,000. Jane Street Group LLC boosted its holdings in First Trust WCM Developing World Equity ETF by 31.1% in the 2nd quarter. Jane Street Group LLC now owns 25,629 shares of the company’s stock valued at $404,000 after purchasing an additional 6,073 shares during the period. WESPAC Advisors SoCal LLC grew its position in shares of First Trust WCM Developing World Equity ETF by 21.9% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 101,194 shares of the company’s stock worth $1,743,000 after purchasing an additional 18,155 shares in the last quarter. Stonehaven Wealth & Tax Solutions LLC grew its position in shares of First Trust WCM Developing World Equity ETF by 72.6% during the 3rd quarter. Stonehaven Wealth & Tax Solutions LLC now owns 21,748 shares of the company’s stock worth $373,000 after purchasing an additional 9,151 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of First Trust WCM Developing World Equity ETF during the third quarter worth approximately $366,000.

First Trust WCM Developing World Equity ETF Trading Down 2.8%

NYSEARCA WCME opened at $16.45 on Monday. The company has a market cap of $19.41 million, a price-to-earnings ratio of 19.05 and a beta of 1.55. The company has a 50 day moving average of $18.20 and a 200-day moving average of $17.56. First Trust WCM Developing World Equity ETF has a 1-year low of $12.08 and a 1-year high of $19.30.

First Trust WCM Developing World Equity ETF Profile

The First Trust WCM Developing World Equity ETF (WCME) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select equity securities of industry leading companies in emerging or frontier markets. Companies selected are considered to have positive fundamentals and may be of any market capitalization WCME was launched on Mar 31, 2020 and is issued by First Trust.