Arax Advisory Partners bought a new stake in First Trust Core Investment Grade ETF (NYSEARCA:FTCB – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 542,764 shares of the company’s stock, valued at approximately $11,523,000. Arax Advisory Partners owned about 0.56% of First Trust Core Investment Grade ETF at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in First Trust Core Investment Grade ETF in the third quarter valued at approximately $35,000. Sound Income Strategies LLC bought a new stake in First Trust Core Investment Grade ETF in the fourth quarter valued at approximately $43,000. Cullen Frost Bankers Inc. boosted its holdings in First Trust Core Investment Grade ETF by 40.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 4,104 shares of the company’s stock valued at $87,000 after acquiring an additional 1,185 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in First Trust Core Investment Grade ETF in the third quarter valued at approximately $95,000. Finally, Legacy Wealth Managment LLC ID bought a new stake in First Trust Core Investment Grade ETF in the fourth quarter valued at approximately $116,000.
First Trust Core Investment Grade ETF Stock Performance
Shares of FTCB stock opened at $20.88 on Friday. The business’s 50 day simple moving average is $20.91 and its 200 day simple moving average is $21.12. First Trust Core Investment Grade ETF has a one year low of $20.59 and a one year high of $21.87.
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.
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