Prospera Financial Services Inc Grows Position in First Trust Core Investment Grade ETF $FTCB

Prospera Financial Services Inc raised its position in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 5.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 956,493 shares of the company’s stock after purchasing an additional 51,340 shares during the period. Prospera Financial Services Inc’s holdings in First Trust Core Investment Grade ETF were worth $20,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTCB. Royal Bank of Canada bought a new stake in First Trust Core Investment Grade ETF in the first quarter worth about $5,148,000. Apollon Wealth Management LLC increased its stake in shares of First Trust Core Investment Grade ETF by 45.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 30,197 shares of the company’s stock worth $636,000 after purchasing an additional 9,468 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of First Trust Core Investment Grade ETF in the 2nd quarter worth approximately $5,074,000. CWM LLC raised its holdings in shares of First Trust Core Investment Grade ETF by 28.3% in the 2nd quarter. CWM LLC now owns 6,689 shares of the company’s stock worth $141,000 after purchasing an additional 1,476 shares during the period. Finally, MGO One Seven LLC purchased a new position in First Trust Core Investment Grade ETF in the second quarter valued at approximately $605,000.

First Trust Core Investment Grade ETF Stock Performance

Shares of FTCB opened at $21.27 on Tuesday. First Trust Core Investment Grade ETF has a 1 year low of $18.76 and a 1 year high of $21.87. The stock’s fifty day moving average price is $21.23 and its two-hundred day moving average price is $21.28.

First Trust Core Investment Grade ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 5.1%.

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.