Concentrum Wealth Management Has $429,000 Position in First Trust SSI Strategic Convertible Securities ETF (FCVT)

Concentrum Wealth Management boosted its stake in First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) by 20.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,119 shares of the company’s stock after purchasing an additional 2,408 shares during the quarter. First Trust SSI Strategic Convertible Securities ETF comprises 0.6% of Concentrum Wealth Management’s investment portfolio, making the stock its 18th biggest position. Concentrum Wealth Management’s holdings in First Trust SSI Strategic Convertible Securities ETF were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FCVT. CWM LLC acquired a new position in First Trust SSI Strategic Convertible Securities ETF in the first quarter valued at about $15,825,000. American Financial Advisors LLC acquired a new position in First Trust SSI Strategic Convertible Securities ETF during the first quarter worth about $6,023,000. Jane Street Group LLC raised its stake in First Trust SSI Strategic Convertible Securities ETF by 125.6% during the fourth quarter. Jane Street Group LLC now owns 78,954 shares of the company’s stock worth $2,173,000 after acquiring an additional 43,953 shares in the last quarter. NEXT Financial Group Inc acquired a new position in First Trust SSI Strategic Convertible Securities ETF during the fourth quarter worth about $1,009,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in First Trust SSI Strategic Convertible Securities ETF by 5.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 553,043 shares of the company’s stock worth $15,220,000 after acquiring an additional 29,709 shares in the last quarter.

Shares of NASDAQ FCVT opened at $30.63 on Monday. First Trust SSI Strategic Convertible Securities ETF has a 12 month low of $25.43 and a 12 month high of $31.27.

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were paid a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 1.57%. The ex-dividend date was Tuesday, April 23rd.

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Institutional Ownership by Quarter for First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT)

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