Arax Advisory Partners Makes New $11.52 Million Investment in First Trust Core Investment Grade ETF $FTCB

Arax Advisory Partners purchased a new position in shares of First Trust Core Investment Grade ETF (NYSEARCA:FTCB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 542,764 shares of the company’s stock, valued at approximately $11,523,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its holdings in shares of First Trust Core Investment Grade ETF by 19.7% during the 4th quarter. Park Avenue Securities LLC now owns 158,228 shares of the company’s stock worth $3,359,000 after buying an additional 26,064 shares in the last quarter. BAM Wealth Management LLC bought a new position in shares of First Trust Core Investment Grade ETF during the 4th quarter worth approximately $1,095,000. HBW Advisory Services LLC boosted its holdings in shares of First Trust Core Investment Grade ETF by 31.3% during the 4th quarter. HBW Advisory Services LLC now owns 473,609 shares of the company’s stock worth $10,055,000 after buying an additional 112,795 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of First Trust Core Investment Grade ETF by 9.5% during the 3rd quarter. Assetmark Inc. now owns 522,527 shares of the company’s stock worth $11,135,000 after buying an additional 45,332 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of First Trust Core Investment Grade ETF by 19.4% during the 3rd quarter. IFP Advisors Inc now owns 193,099 shares of the company’s stock worth $4,115,000 after buying an additional 31,350 shares in the last quarter.

First Trust Core Investment Grade ETF Stock Performance

First Trust Core Investment Grade ETF stock opened at $20.88 on Friday. First Trust Core Investment Grade ETF has a 52-week low of $20.59 and a 52-week high of $21.87. The stock’s 50 day moving average price is $20.91 and its two-hundred day moving average price is $21.12.

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.