This article first appeared on GuruFocus.
First Trust WCM International Equity ETF (WCMI) was selling into weakness last Friday, with two positions increased and 19 decreased across $272.3 million in gross ETF activity. The fund, with $2.08 billion in assets, net sold $89.8 million, adding just two names while trimming a much broader swath of the portfolio.
What did WCMI buy on Friday?
Its largest buys by dollar value were RIG ($47.1 million) and VIK ($44.1 million).
What did WCMI sell on Friday?
Its largest sells by dollar value were SLB ($48.9 million), SKHY ($37.3 million) and TEVA ($33.9 million).
The largest buys were both new positions: Transocean Ltd. at $47.1 million, a 2.78% weight, and Viking Holdings Ltd at $44.1 million, a 2.61% weight. On the sell side, WCMI fully exited SLB Ltd. for $48.9 million and SK hynix Inc. (ADR) for $37.3 million, and cut Teva Pharmaceutical Industries Ltd. by $33.9 million and Canadian Natural Resources Limited by $24.2 million. It also trimmed Nebius Group N.V. by $5.2 million, leaving a 4.56% weight.
How does WCMI invest?
First Trust WCM International Equity ETF (WCMI) is an equity fund holding 37 stocks, with 47.3% of assets in its 10 largest holdings. Technology accounts for 23.1% of classified holdings, Financial Services 18.3% and Industrials 15.5%, and the mix is 87.4% large-cap, 11.4% mid-cap and 1.2% small-cap. Its expense ratio is 0.85%, and top holdings include Taiwan Semiconductor Manufacturing Company Ltd. at 8.7%, Rolls-Royce Holdings Plc at 7.16%, Constellation Software Inc. at 5.53%, Babcock International Group Plc at 4.65% and Nebius Group N.V. at 4.56%. The fund has a GF Score of 72, a P/E of 34.27, a P/B of 0.24, a dividend yield of 0.52% and a year-to-date return of 7.26%.
First Trust WCM International Equity ETF (WCMI) at a glance
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
