Concurrent Investment Advisors LLC raised its stake in First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT – Free Report) by 64.4% during the second quarter, HoldingsChannel.com reports. The fund owned 283,615 shares of the company’s stock after purchasing an additional 111,050 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.14% of First Trust SSI Strategic Convertible Securities ETF worth $15,251,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of FCVT. Jane Street Group LLC grew its position in shares of First Trust SSI Strategic Convertible Securities ETF by 645.7% during the second quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock valued at $5,173,000 after purchasing an additional 115,423 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 3.3% in the third quarter. Raymond James Financial Inc. now owns 89,532 shares of the company’s stock worth $3,829,000 after buying an additional 2,844 shares in the last quarter. Royal Bank of Canada lifted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 49.9% in the fourth quarter. Royal Bank of Canada now owns 88,861 shares of the company’s stock worth $3,824,000 after buying an additional 29,590 shares in the last quarter. Bank of America Corp DE boosted its stake in First Trust SSI Strategic Convertible Securities ETF by 14.4% during the first quarter. Bank of America Corp DE now owns 46,152 shares of the company’s stock valued at $2,039,000 after buying an additional 5,805 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in First Trust SSI Strategic Convertible Securities ETF by 27.2% during the 4th quarter. Kestra Advisory Services LLC now owns 42,316 shares of the company’s stock valued at $1,821,000 after buying an additional 9,057 shares in the last quarter.
First Trust SSI Strategic Convertible Securities ETF Price Performance
NASDAQ:FCVT opened at $49.52 on Friday. First Trust SSI Strategic Convertible Securities ETF has a 1 year low of $40.36 and a 1 year high of $54.90. The stock’s 50 day simple moving average is $50.39 and its two-hundred day simple moving average is $49.39.
First Trust SSI Strategic Convertible Securities ETF Dividend Announcement
First Trust SSI Strategic Convertible Securities ETF Profile
The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.
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