Sowell Financial Services LLC Makes New $1.47 Million Investment in First Trust WCM Developing World Equity ETF $WCME

Sowell Financial Services LLC purchased a new stake in shares of First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 77,263 shares of the company’s stock, valued at approximately $1,473,000. Sowell Financial Services LLC owned approximately 3.71% of First Trust WCM Developing World Equity ETF at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Woodward Diversified Capital LLC grew its stake in First Trust WCM Developing World Equity ETF by 179.6% during the 3rd quarter. Woodward Diversified Capital LLC now owns 84,016 shares of the company’s stock valued at $1,602,000 after acquiring an additional 53,964 shares in the last quarter. HBW Advisory Services LLC increased its holdings in shares of First Trust WCM Developing World Equity ETF by 7.4% in the 3rd quarter. HBW Advisory Services LLC now owns 32,843 shares of the company’s stock valued at $626,000 after purchasing an additional 2,274 shares during the period. Veracity Capital LLC increased its holdings in shares of First Trust WCM Developing World Equity ETF by 5.3% in the 3rd quarter. Veracity Capital LLC now owns 573,361 shares of the company’s stock valued at $10,933,000 after purchasing an additional 28,805 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of First Trust WCM Developing World Equity ETF by 1,160.6% in the second quarter. Envestnet Asset Management Inc. now owns 525,137 shares of the company’s stock worth $10,304,000 after purchasing an additional 483,479 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of First Trust WCM Developing World Equity ETF by 2.1% in the second quarter. NewEdge Advisors LLC now owns 29,300 shares of the company’s stock worth $575,000 after purchasing an additional 600 shares in the last quarter.

First Trust WCM Developing World Equity ETF Stock Performance

WCME stock opened at $17.48 on Friday. The stock has a market cap of $36.36 million, a P/E ratio of 19.05 and a beta of 0.93. The firm has a 50 day simple moving average of $18.88 and a 200 day simple moving average of $18.65. First Trust WCM Developing World Equity ETF has a 52 week low of $16.17 and a 52 week high of $20.29.

About First Trust WCM Developing World Equity ETF

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.