Royal Bank of Canada Acquires 120,604 Shares of First Trust Core Investment Grade ETF $FTCB

Royal Bank of Canada raised its holdings in shares of First Trust Core Investment Grade ETF (NYSEARCA:FTCB) by 27.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 566,232 shares of the company’s stock after purchasing an additional 120,604 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Core Investment Grade ETF were worth $11,868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FTCB. NewEdge Advisors LLC raised its position in shares of First Trust Core Investment Grade ETF by 39.8% in the second quarter. NewEdge Advisors LLC now owns 194,246 shares of the company’s stock valued at $4,091,000 after purchasing an additional 55,307 shares during the period. Betterment LLC acquired a new stake in shares of First Trust Core Investment Grade ETF during the 2nd quarter worth about $257,000. Jane Street Group LLC boosted its holdings in shares of First Trust Core Investment Grade ETF by 137.5% during the 2nd 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 period. Benjamin Edwards Inc. boosted its holdings in shares of First Trust Core Investment Grade ETF by 64.0% during the 2nd 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. Finally, IHT Wealth Management LLC grew its stake in First Trust Core Investment Grade ETF by 3.6% in the 2nd quarter. IHT Wealth Management LLC now owns 217,434 shares of the company’s stock valued at $4,579,000 after buying an additional 7,497 shares during the last quarter.

First Trust Core Investment Grade ETF Price Performance

First Trust Core Investment Grade ETF stock opened at $20.61 on Friday. First Trust Core Investment Grade ETF has a twelve month low of $20.45 and a twelve month high of $21.87. The company’s 50-day moving average price is $20.75 and its two-hundred day moving average price is $20.97.

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.