Northwestern Mutual Wealth Management Co. Raises Position in First Trust Core Investment Grade ETF $FTCB

Northwestern Mutual Wealth Management Co. raised its stake in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 14,236.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,389,242 shares of the company’s stock after purchasing an additional 1,379,552 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 1.44% of First Trust Core Investment Grade ETF worth $29,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of First Trust Core Investment Grade ETF by 4.0% in the third quarter. Envestnet Asset Management Inc. now owns 3,436,919 shares of the company’s stock worth $73,241,000 after purchasing an additional 133,374 shares during the last quarter. LVZ Inc. raised its stake in shares of First Trust Core Investment Grade ETF by 0.7% in the fourth quarter. LVZ Inc. now owns 3,097,763 shares of the company’s stock worth $65,766,000 after purchasing an additional 22,959 shares during the last quarter. Long Run Wealth Advisors LLC raised its stake in shares of First Trust Core Investment Grade ETF by 2.9% in the fourth quarter. Long Run Wealth Advisors LLC now owns 2,231,568 shares of the company’s stock worth $47,376,000 after purchasing an additional 63,259 shares during the last quarter. Seascape Capital Management raised its stake in shares of First Trust Core Investment Grade ETF by 7.8% in the fourth quarter. Seascape Capital Management now owns 1,429,953 shares of the company’s stock worth $30,358,000 after purchasing an additional 103,899 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of First Trust Core Investment Grade ETF by 3.6% in the fourth quarter. Stephens Inc. AR now owns 1,260,669 shares of the company’s stock worth $26,764,000 after purchasing an additional 43,396 shares during the last quarter.

First Trust Core Investment Grade ETF Price Performance

Shares of First Trust Core Investment Grade ETF stock opened at $20.88 on Monday. First Trust Core Investment Grade ETF has a 52 week low of $20.59 and a 52 week high of $21.87. The business has a 50 day moving average price of $20.93 and a 200-day moving average price of $21.15.

First Trust Core Investment Grade ETF Company 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.