NewEdge Advisors LLC Makes New $482,000 Investment in First Trust WCM Developing World Equity ETF $WCME

NewEdge Advisors LLC bought a new stake in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) during the first quarter, according to its most recent filing with the SEC. The firm bought 28,700 shares of the company’s stock, valued at approximately $482,000. NewEdge Advisors LLC owned about 1.66% of First Trust WCM Developing World Equity ETF at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WCME. Cetera Investment Advisers increased its position in First Trust WCM Developing World Equity ETF by 19.3% during the first quarter. Cetera Investment Advisers now owns 79,831 shares of the company’s stock worth $1,341,000 after acquiring an additional 12,926 shares during the period. Blackhawk Capital Partners LLC boosted its stake in First Trust WCM Developing World Equity ETF by 7.2% in the 1st quarter. Blackhawk Capital Partners LLC now owns 22,420 shares of the company’s stock valued at $376,000 after buying an additional 1,503 shares in the last quarter. HBW Advisory Services LLC bought a new stake in shares of First Trust WCM Developing World Equity ETF in the 1st quarter worth about $375,000. Kestra Advisory Services LLC increased its holdings in shares of First Trust WCM Developing World Equity ETF by 22.0% during the first quarter. Kestra Advisory Services LLC now owns 121,181 shares of the company’s stock worth $2,035,000 after buying an additional 21,825 shares in the last quarter. Finally, Maridea Wealth Management LLC raised its position in First Trust WCM Developing World Equity ETF by 95.1% in the 1st quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock valued at $1,188,000 after purchasing an additional 34,488 shares during the last quarter.

First Trust WCM Developing World Equity ETF Stock Up 0.4%

Shares of NYSEARCA WCME opened at $18.51 on Tuesday. First Trust WCM Developing World Equity ETF has a 12-month low of $15.81 and a 12-month high of $20.29. The firm’s 50-day simple moving average is $19.15 and its 200 day simple moving average is $18.55. The company has a market cap of $35.72 million, a price-to-earnings ratio of 19.05 and a beta of 0.90.

About First Trust WCM Developing World Equity ETF

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.