Plus Group Wealth Advisors LLC Takes $1.12 Million Position in First Trust SSI Strategic Convertible Securities ETF $FCVT

Plus Group Wealth Advisors LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 25,927 shares of the company’s stock, valued at approximately $1,116,000. First Trust SSI Strategic Convertible Securities ETF comprises approximately 1.2% of Plus Group Wealth Advisors LLC’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the 4th quarter valued at about $112,000. Truist Financial Corp bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the 4th quarter valued at about $831,000. Caldwell Trust Co bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the 4th quarter valued at about $28,000. Concurrent Investment Advisors LLC grew its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 112.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock valued at $14,941,000 after acquiring an additional 183,410 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 3.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 14,300 shares of the company’s stock valued at $615,000 after acquiring an additional 520 shares in the last quarter.

First Trust SSI Strategic Convertible Securities ETF Stock Performance

Shares of NASDAQ FCVT opened at $51.40 on Friday. The business has a 50-day moving average of $47.28 and a 200-day moving average of $45.45. First Trust SSI Strategic Convertible Securities ETF has a fifty-two week low of $36.43 and a fifty-two week high of $52.55.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were issued a $0.045 dividend. The ex-dividend date was Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 1.1%.

First Trust SSI Strategic Convertible Securities ETF Company 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.