First Trust Income Opportunities ETF (NASDAQ:FCEF) Shares Up 0.4% – Here’s What Happened

Shares of First Trust Income Opportunities ETF (NASDAQ:FCEF) traded up 0.4% on Wednesday . The company traded as high as $21.66 and last traded at $21.61. 2,654 shares were traded during trading, a decline of 60% from the average session volume of 6,638 shares. The stock had previously closed at $21.52.

First Trust Income Opportunities ETF Price Performance

The stock has a market cap of $40.06 million, a PE ratio of 17.57 and a beta of 0.95. The company has a 50-day simple moving average of $22.03 and a 200-day simple moving average of $21.77.

First Trust Income Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.62 dividend on an annualized basis and a yield of 7.52%.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Proactive Wealth Strategies LLC purchased a new position in First Trust Income Opportunities ETF during the third quarter worth about $636,000. Arkadios Wealth Advisors acquired a new stake in shares of First Trust Income Opportunities ETF in the third quarter worth approximately $213,000. Cambridge Investment Research Advisors Inc. increased its position in First Trust Income Opportunities ETF by 12.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock worth $1,416,000 after purchasing an additional 7,611 shares during the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. raised its stake in First Trust Income Opportunities ETF by 11.3% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 14,272 shares of the company’s stock worth $318,000 after purchasing an additional 1,449 shares during the period.

About First Trust Income Opportunities ETF

The First Trust Income Opportunity ETF (FCEF) is an exchange-traded fund that is based on the S-Network Composite Closed-End Fund index. The fund is an actively managed ETF that holds closed-end funds to get exposure to US and non-US equity, fixed income securities, and commodities. The fund’s primary objective is to provide current income.