Maridea Wealth Management LLC Purchases New Position in First Trust WCM Developing World Equity ETF $WCME

Maridea Wealth Management LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 36,246 shares of the company’s stock, valued at approximately $624,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WCME. Stonehaven Wealth & Tax Solutions LLC acquired a new stake in First Trust WCM Developing World Equity ETF in the second quarter valued at approximately $198,000. HBW Advisory Services LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF during the third quarter worth $317,000. Blackhawk Capital Partners LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF during the third quarter worth $318,000. Boyce & Associates Wealth Consulting Inc. bought a new position in shares of First Trust WCM Developing World Equity ETF in the 3rd quarter valued at $340,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of First Trust WCM Developing World Equity ETF in the 3rd quarter valued at $366,000.

First Trust WCM Developing World Equity ETF Stock 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. First Trust WCM Developing World Equity ETF has a twelve month low of $12.08 and a twelve month high of $19.30. The business’s fifty day moving average is $18.20 and its 200 day moving average is $17.56.

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.