201,943 Shares in First Trust Core Investment Grade ETF $FTCB Acquired by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. bought a new position in shares of First Trust Core Investment Grade ETF (NYSEARCA:FTCB) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 201,943 shares of the company’s stock, valued at approximately $4,287,000. First Trust Core Investment Grade ETF makes up 0.6% of Summit Wealth Group LLC Co.’s portfolio, making the stock its 25th biggest position.

Several other hedge funds have also added to or reduced their stakes in FTCB. First Heartland Consultants Inc. boosted its position in First Trust Core Investment Grade ETF by 963.2% during the 3rd quarter. First Heartland Consultants Inc. now owns 560,966 shares of the company’s stock worth $11,954,000 after buying an additional 508,205 shares during the period. APS Management Group Inc. boosted its position in First Trust Core Investment Grade ETF by 781.8% during the 4th quarter. APS Management Group Inc. now owns 432,838 shares of the company’s stock worth $9,189,000 after buying an additional 383,753 shares during the period. Equitable Holdings Inc. acquired a new stake in First Trust Core Investment Grade ETF during the 2nd quarter worth approximately $7,047,000. MGO One Seven LLC boosted its position in First Trust Core Investment Grade ETF by 1,021.5% during the 4th quarter. MGO One Seven LLC now owns 339,272 shares of the company’s stock worth $7,203,000 after buying an additional 309,021 shares during the period. Finally, Private Advisor Group LLC boosted its position in First Trust Core Investment Grade ETF by 46.2% during the 3rd quarter. Private Advisor Group LLC now owns 784,448 shares of the company’s stock worth $16,717,000 after buying an additional 247,721 shares during the period.

First Trust Core Investment Grade ETF Trading Down 0.3%

NYSEARCA:FTCB opened at $20.89 on Wednesday. The firm’s 50 day simple moving average is $21.04 and its 200 day simple moving average is $21.21. First Trust Core Investment Grade ETF has a one year low of $20.28 and a one year high of $21.87.

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.