First Trust Income Opportunities ETF (NASDAQ:FCEF) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its position in First Trust Income Opportunities ETF (NASDAQ:FCEF – Get Rating) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,561 shares of the company’s stock after selling 9,316 shares during the period. LPL Financial LLC owned 5.63% of First Trust Income Opportunities ETF worth $1,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisory Services LLC boosted its stake in shares of First Trust Income Opportunities ETF by 4.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 329,132 shares of the company’s stock worth $6,356,000 after acquiring an additional 14,378 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of First Trust Income Opportunities ETF in the second quarter worth approximately $714,000. Raymond James & Associates boosted its stake in shares of First Trust Income Opportunities ETF by 8.1% in the third quarter. Raymond James & Associates now owns 30,677 shares of the company’s stock worth $567,000 after acquiring an additional 2,305 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Trust Income Opportunities ETF by 53.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,929 shares of the company’s stock worth $422,000 after acquiring an additional 6,213 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of First Trust Income Opportunities ETF by 4.7% in the third quarter. Commonwealth Equity Services LLC now owns 12,794 shares of the company’s stock worth $236,000 after acquiring an additional 576 shares during the last quarter.

First Trust Income Opportunities ETF Stock Performance

Shares of First Trust Income Opportunities ETF stock opened at $18.59 on Friday. First Trust Income Opportunities ETF has a one year low of $18.09 and a one year high of $22.02. The company has a market cap of $25.28 million, a price-to-earnings ratio of 15.92 and a beta of 0.95. The business’s 50 day moving average price is $19.02 and its 200 day moving average price is $19.31.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 12th will be given a dividend of $0.117 per share. The ex-dividend date is Thursday, May 11th. This represents a $1.40 dividend on an annualized basis and a yield of 7.55%.

First Trust Income Opportunities ETF Company Profile

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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.