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

Sowell Financial Services LLC purchased a new position in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 77,263 shares of the company’s stock, valued at approximately $1,473,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in First Trust WCM Developing World Equity ETF during the first quarter valued at $482,000. Veracity Capital LLC grew its stake in First Trust WCM Developing World Equity ETF by 5.3% in the third 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 in the last quarter. Envestnet Asset Management Inc. grew its stake in 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 valued at $10,304,000 after purchasing an additional 483,479 shares in the last quarter. Woodward Diversified Capital LLC increased its position in First Trust WCM Developing World Equity ETF by 179.6% in the 3rd quarter. Woodward Diversified Capital LLC now owns 84,016 shares of the company’s stock worth $1,602,000 after purchasing an additional 53,964 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in First Trust WCM Developing World Equity ETF by 22.0% in the 1st 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.

First Trust WCM Developing World Equity ETF Price Performance

WCME opened at $17.48 on Friday. First Trust WCM Developing World Equity ETF has a fifty-two week low of $16.17 and a fifty-two week high of $20.29. The business has a 50-day moving average of $18.88 and a 200-day moving average of $18.65. The company has a market capitalization of $36.36 million, a PE ratio of 19.05 and a beta of 0.93.

First Trust WCM Developing World Equity ETF 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.