First Trust Income Opportunities ETF to Issue Monthly Dividend of $0.12 (NASDAQ:FCEF)

First Trust Income Opportunities ETF (NASDAQ:FCEF) declared a monthly dividend on Monday, November 13th, Zacks reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.12 per share on Thursday, November 30th. This represents a $1.44 annualized dividend and a yield of 7.70%. The ex-dividend date is Tuesday, November 14th.

First Trust Income Opportunities ETF Stock Performance

First Trust Income Opportunities ETF stock opened at $18.71 on Wednesday. The business’s 50-day simple moving average is $18.48 and its two-hundred day simple moving average is $18.95. The company has a market cap of $27.31 million, a PE ratio of 16.94 and a beta of 0.95. First Trust Income Opportunities ETF has a fifty-two week low of $17.62 and a fifty-two week high of $20.99.

Institutional Trading of First Trust Income Opportunities ETF

Several large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in First Trust Income Opportunities ETF by 46.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 15,698 shares of the company’s stock valued at $304,000 after purchasing an additional 4,976 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of First Trust Income Opportunities ETF in the 2nd quarter valued at about $215,000. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Income Opportunities ETF by 2,303.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,389 shares of the company’s stock valued at $65,000 after buying an additional 3,248 shares during the period. Money Concepts Capital Corp acquired a new position in shares of First Trust Income Opportunities ETF in the 4th quarter valued at about $194,000. Finally, Morgan Stanley lifted its holdings in shares of First Trust Income Opportunities ETF by 43.7% in the 4th quarter. Morgan Stanley now owns 1,850 shares of the company’s stock valued at $36,000 after buying an additional 563 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.