Stephens Inc. AR Purchases 738,861 Shares of First Trust Core Investment Grade ETF $FTCB

Stephens Inc. AR boosted its holdings in shares of First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 58.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,999,530 shares of the company’s stock after purchasing an additional 738,861 shares during the quarter. Stephens Inc. AR’s holdings in First Trust Core Investment Grade ETF were worth $41,910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTCB. Royal Bank of Canada purchased a new position in shares of First Trust Core Investment Grade ETF in the 1st quarter worth approximately $5,148,000. NewEdge Advisors LLC raised its holdings in First Trust Core Investment Grade ETF by 39.8% during the 2nd quarter. NewEdge Advisors LLC now owns 194,246 shares of the company’s stock valued at $4,091,000 after buying an additional 55,307 shares during the period. Betterment LLC bought a new stake in First Trust Core Investment Grade ETF in the second quarter worth $257,000. Jane Street Group LLC lifted its position in First Trust Core Investment Grade ETF by 137.5% in the second quarter. Jane Street Group LLC now owns 213,459 shares of the company’s stock worth $4,495,000 after buying an additional 123,570 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in First Trust Core Investment Grade ETF by 64.0% during the second quarter. Benjamin Edwards Inc. now owns 468,753 shares of the company’s stock worth $9,872,000 after buying an additional 182,997 shares during the period.

First Trust Core Investment Grade ETF Stock Performance

FTCB stock opened at $20.84 on Monday. First Trust Core Investment Grade ETF has a twelve month low of $20.59 and a twelve month high of $21.87. The firm’s fifty day simple moving average is $20.86 and its two-hundred day simple moving average is $21.07.

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.