BAM Wealth Management LLC Makes New Investment in First Trust Core Investment Grade ETF $FTCB

BAM Wealth Management LLC purchased a new stake in shares of First Trust Core Investment Grade ETF (NYSEARCA:FTCB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 51,555 shares of the company’s stock, valued at approximately $1,095,000. First Trust Core Investment Grade ETF makes up about 0.8% of BAM Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. BAM Wealth Management LLC owned 0.06% of First Trust Core Investment Grade ETF as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Royal Bank of Canada bought a new stake in shares of First Trust Core Investment Grade ETF during the 1st quarter valued at $5,148,000. StoneX Group Inc. bought a new position in First Trust Core Investment Grade ETF in the 2nd quarter worth $1,104,000. Acorn Wealth Advisors LLC increased its stake in First Trust Core Investment Grade ETF by 11.1% in the 2nd quarter. Acorn Wealth Advisors LLC now owns 90,269 shares of the company’s stock worth $1,901,000 after buying an additional 8,985 shares in the last quarter. NewEdge Advisors LLC raised its holdings in First Trust Core Investment Grade ETF by 39.8% during the second quarter. NewEdge Advisors LLC now owns 194,246 shares of the company’s stock valued at $4,091,000 after acquiring an additional 55,307 shares during the period. Finally, Faithward Advisors LLC raised its holdings in First Trust Core Investment Grade ETF by 20.8% during the second quarter. Faithward Advisors LLC now owns 24,402 shares of the company’s stock valued at $514,000 after acquiring an additional 4,198 shares during the period.

First Trust Core Investment Grade ETF Stock Performance

Shares of First Trust Core Investment Grade ETF stock opened at $21.00 on Monday. The stock’s 50-day simple moving average is $21.18 and its 200-day simple moving average is $21.29. First Trust Core Investment Grade ETF has a 52 week low of $18.76 and a 52 week high of $21.87.

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.