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

First Trust Income Opportunities ETF (NASDAQ:FCEF) rose 0.4% during mid-day trading on Wednesday . The stock traded as high as $21.66 and last traded at $21.61. Approximately 2,654 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 6,638 shares. The stock had previously closed at $21.52.

First Trust Income Opportunities ETF Price Performance

The business’s 50 day moving average price is $22.04 and its 200 day moving average price is $21.77. The firm has a market cap of $40.19 million, a PE ratio of 17.57 and a beta of 0.95.

First Trust Income Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th were paid a dividend of $0.135 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.62 annualized dividend and a yield of 7.50%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors purchased a new stake in First Trust Income Opportunities ETF during the 3rd quarter valued at about $213,000. Boyce & Associates Wealth Consulting Inc. boosted its holdings in shares of First Trust Income Opportunities ETF by 11.3% during the 3rd 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 last quarter. Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust Income Opportunities ETF in the third quarter valued at approximately $636,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of First Trust Income Opportunities ETF by 12.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock valued at $1,416,000 after purchasing an additional 7,611 shares during the last quarter. Finally, Raymond James & Associates lifted its position in First Trust Income Opportunities ETF by 8.9% during the second quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock worth $2,300,000 after buying an additional 8,901 shares in the last quarter.

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.