NewEdge Advisors LLC Makes New $482,000 Investment in First Trust WCM Developing World Equity ETF $WCME

NewEdge Advisors LLC purchased a new position in shares of First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 28,700 shares of the company’s stock, valued at approximately $482,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Advisory Services LLC increased its position in First Trust WCM Developing World Equity ETF by 22.0% during the first quarter. Kestra Advisory Services LLC now owns 121,181 shares of the company’s stock worth $2,035,000 after purchasing an additional 21,825 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in First Trust WCM Developing World Equity ETF by 15.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 86,065 shares of the company’s stock valued at $1,482,000 after purchasing an additional 11,334 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust WCM Developing World Equity ETF by 19.3% in the 1st quarter. Cetera Investment Advisers now owns 79,831 shares of the company’s stock valued at $1,341,000 after purchasing an additional 12,926 shares during the last quarter. Maridea Wealth Management LLC boosted its holdings in First Trust WCM Developing World Equity ETF by 95.1% in the 1st quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock valued at $1,188,000 after purchasing an additional 34,488 shares during the last quarter. Finally, Wagner Wealth Management Corp purchased a new stake in shares of First Trust WCM Developing World Equity ETF in the 4th quarter valued at approximately $446,000.

First Trust WCM Developing World Equity ETF Price Performance

Shares of NYSEARCA WCME opened at $19.29 on Friday. The company has a 50 day simple moving average of $19.01 and a 200-day simple moving average of $18.59. The company has a market capitalization of $37.23 million, a P/E ratio of 19.05 and a beta of 0.94. First Trust WCM Developing World Equity ETF has a 1 year low of $16.01 and a 1 year high of $20.29.

First Trust WCM Developing World Equity ETF Company Profile

The First Trust WCM Developing World Equity ETF (WCME) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select equity securities of industry leading companies in emerging or frontier markets. Companies selected are considered to have positive fundamentals and may be of any market capitalization WCME was launched on Mar 31, 2020 and is issued by First Trust.