Bank of New York Mellon Corp Buys New Shares in First Trust Core Investment Grade ETF (NYSEARCA:FTCB)

Bank of New York Mellon Corp purchased a new stake in shares of First Trust Core Investment Grade ETF (NYSEARCA:FTCB) in the 4th quarter, Holdings Channel reports. The fund purchased 221,955 shares of the company’s stock, valued at approximately $4,583,000. Bank of New York Mellon Corp owned 0.30% of First Trust Core Investment Grade ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans acquired a new stake in shares of First Trust Core Investment Grade ETF in the third quarter valued at approximately $255,000. Benjamin Edwards Inc. bought a new stake in First Trust Core Investment Grade ETF in the 3rd quarter valued at $869,000. Sanctuary Advisors LLC acquired a new stake in First Trust Core Investment Grade ETF during the 3rd quarter valued at $1,610,000. HBW Advisory Services LLC boosted its position in First Trust Core Investment Grade ETF by 7.5% during the fourth quarter. HBW Advisory Services LLC now owns 224,480 shares of the company’s stock worth $4,636,000 after purchasing an additional 15,718 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in shares of First Trust Core Investment Grade ETF in the fourth quarter valued at $1,864,000.

First Trust Core Investment Grade ETF Price Performance

Shares of FTCB opened at $20.99 on Tuesday. The company’s 50-day moving average is $20.76 and its 200-day moving average is $20.99. First Trust Core Investment Grade ETF has a fifty-two week low of $20.25 and a fifty-two week high of $22.69.

About First Trust Core Investment Grade ETF

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.