GDS Wealth Management Purchases 55,626 Shares of First Trust TCW Securitized Plus ETF (NYSEARCA:DEED)

GDS Wealth Management grew its position in shares of First Trust TCW Securitized Plus ETF (NYSEARCA:DEED) by 12.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 502,704 shares of the company’s stock after acquiring an additional 55,626 shares during the quarter. First Trust TCW Securitized Plus ETF comprises approximately 1.4% of GDS Wealth Management’s holdings, making the stock its 26th largest holding. GDS Wealth Management owned 13.06% of First Trust TCW Securitized Plus ETF worth $10,664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Blackhawk Capital Partners LLC. purchased a new stake in First Trust TCW Securitized Plus ETF during the 4th quarter valued at $2,459,000. Altfest L J & Co. Inc. raised its holdings in First Trust TCW Securitized Plus ETF by 18.7% during the 4th quarter. Altfest L J & Co. Inc. now owns 67,908 shares of the company’s stock valued at $1,441,000 after buying an additional 10,713 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in First Trust TCW Securitized Plus ETF during the 4th quarter valued at $210,000. Raymond James & Associates purchased a new stake in First Trust TCW Securitized Plus ETF during the 4th quarter valued at $2,601,000. Finally, Elevated Capital Advisors LLC raised its holdings in First Trust TCW Securitized Plus ETF by 8.9% during the 4th quarter. Elevated Capital Advisors LLC now owns 88,004 shares of the company’s stock valued at $1,867,000 after buying an additional 7,198 shares during the period.

First Trust TCW Securitized Plus ETF Stock Performance

NYSEARCA:DEED traded up $0.14 during midday trading on Thursday, hitting $20.57. 61,241 shares of the company traded hands, compared to its average volume of 27,203. The firm’s fifty day moving average is $20.45 and its 200-day moving average is $20.51. First Trust TCW Securitized Plus ETF has a 12-month low of $19.28 and a 12-month high of $21.88.

First Trust TCW Securitized Plus ETF Company Profile

The First Trust TCW Securitized Plus ETF (DEED) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund of US securitized debt securities that have broad maturities. DEED was launched on Apr 29, 2020 and is managed by First Trust.