Cwm LLC Has $275,000 Stock Holdings in First Trust SSI Strategic Convertible Securities ETF $FCVT

Cwm LLC lessened its holdings in First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) by 78.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,385 shares of the company’s stock after selling 23,191 shares during the quarter. Cwm LLC’s holdings in First Trust SSI Strategic Convertible Securities ETF were worth $275,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in First Trust SSI Strategic Convertible Securities ETF in the third quarter worth about $78,000. Prospera Financial Services Inc acquired a new position in First Trust SSI Strategic Convertible Securities ETF in the third quarter worth about $204,000. Ethos Financial Group LLC acquired a new position in First Trust SSI Strategic Convertible Securities ETF in the third quarter worth about $211,000. Realta Investment Advisors acquired a new position in First Trust SSI Strategic Convertible Securities ETF in the third quarter worth about $311,000. Finally, Cottonwood Capital Advisors LLC raised its position in First Trust SSI Strategic Convertible Securities ETF by 22.4% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 9,655 shares of the company’s stock worth $415,000 after purchasing an additional 1,767 shares in the last quarter.

First Trust SSI Strategic Convertible Securities ETF Price Performance

NASDAQ:FCVT opened at $49.92 on Monday. First Trust SSI Strategic Convertible Securities ETF has a 12-month low of $35.17 and a 12-month high of $50.18. The firm has a 50-day moving average price of $46.24 and a 200 day moving average price of $44.97.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 1.1%.

First Trust SSI Strategic Convertible Securities ETF Profile

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.