NewEdge Advisors LLC Buys Shares of 28,700 First Trust WCM Developing World Equity ETF $WCME

NewEdge Advisors LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,700 shares of the company’s stock, valued at approximately $482,000.

Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in shares of First Trust WCM Developing World Equity ETF in the fourth quarter worth $1,711,000. Maridea Wealth Management LLC lifted its stake in First Trust WCM Developing World Equity ETF by 95.1% in the first quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock valued at $1,188,000 after buying an additional 34,488 shares during the period. Cetera Investment Advisers bought a new position in First Trust WCM Developing World Equity ETF during the second quarter worth $413,000. Wagner Wealth Management Corp bought a new stake in First Trust WCM Developing World Equity ETF in the 4th quarter valued at about $446,000. Finally, HBW Advisory Services LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF during the first quarter worth approximately $375,000.

First Trust WCM Developing World Equity ETF Trading Up 0.4%

WCME opened at $18.51 on Tuesday. First Trust WCM Developing World Equity ETF has a 1-year low of $15.81 and a 1-year high of $20.29. The company has a market cap of $35.72 million, a price-to-earnings ratio of 19.05 and a beta of 0.90. The company’s fifty day moving average price is $19.15 and its two-hundred day moving average price is $18.55.

About First Trust WCM Developing World Equity ETF

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.