First Trust Core Investment Grade ETF $FTCB Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 4.0% in the 3rd quarter, Holdings Channel reports. The firm owned 3,436,919 shares of the company’s stock after acquiring an additional 133,374 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Core Investment Grade ETF were worth $73,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new position in First Trust Core Investment Grade ETF during the 3rd quarter valued at approximately $62,000. Geneos Wealth Management Inc. lifted its stake in First Trust Core Investment Grade ETF by 160.8% in the second quarter. Geneos Wealth Management Inc. now owns 6,436 shares of the company’s stock valued at $136,000 after buying an additional 3,968 shares during the last quarter. CWM LLC lifted its stake in First Trust Core Investment Grade ETF by 28.3% in the second quarter. CWM LLC now owns 6,689 shares of the company’s stock valued at $141,000 after buying an additional 1,476 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of First Trust Core Investment Grade ETF during the third quarter worth approximately $145,000. Finally, Private Trust Co. NA increased its stake in shares of First Trust Core Investment Grade ETF by 29.3% during the second quarter. Private Trust Co. NA now owns 7,904 shares of the company’s stock valued at $166,000 after acquiring an additional 1,793 shares during the period.

First Trust Core Investment Grade ETF Price Performance

NYSEARCA FTCB opened at $21.24 on Monday. First Trust Core Investment Grade ETF has a 1 year low of $18.76 and a 1 year high of $21.87. The business’s fifty day moving average is $21.23 and its two-hundred day moving average is $21.27.

First Trust Core Investment Grade ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were issued a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Wednesday, January 21st.

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.