NEXT Financial Group Inc Invests $888,000 in First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT)

NEXT Financial Group Inc acquired a new stake in First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,335 shares of the company’s stock, valued at approximately $888,000. NEXT Financial Group Inc owned about 0.46% of First Trust SSI Strategic Convertible Securities ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Advisors LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF during the 1st quarter valued at approximately $130,000. Winfield Associates Inc. acquired a new stake in First Trust SSI Strategic Convertible Securities ETF in the 1st quarter valued at $214,000. Advisory Services Network LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF in the 1st quarter valued at $247,000. SSI Investment Management Inc. acquired a new stake in First Trust SSI Strategic Convertible Securities ETF in the 1st quarter valued at $288,000. Finally, Concentrum Wealth Management grew its position in First Trust SSI Strategic Convertible Securities ETF by 20.6% in the 1st quarter. Concentrum Wealth Management now owns 14,119 shares of the company’s stock valued at $429,000 after purchasing an additional 2,408 shares during the period.

NASDAQ FCVT opened at $31.04 on Friday. The company has a fifty day simple moving average of $31.68 and a 200 day simple moving average of $30.82. First Trust SSI Strategic Convertible Securities ETF has a 12-month low of $25.43 and a 12-month high of $32.24.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 24th were paid a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, July 23rd.

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

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