First Trust High Yield Opportunities 2027 Term Fund to Issue Monthly Dividend of $0.12 (NYSE:FTHY)

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) announced a monthly dividend on Monday, July 20th. Stockholders of record on Monday, August 3rd will be given a dividend of 0.125 per share on Tuesday, August 25th. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Monday, August 3rd.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.3%

FTHY stock opened at $13.63 on Tuesday. The stock’s 50 day simple moving average is $13.54 and its 200 day simple moving average is $13.71. First Trust High Yield Opportunities 2027 Term Fund has a fifty-two week low of $13.20 and a fifty-two week high of $14.86.

Hedge Funds Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in shares of First Trust High Yield Opportunities 2027 Term Fund by 4.0% in the 1st quarter. Royal Bank of Canada now owns 707,693 shares of the company’s stock worth $9,576,000 after buying an additional 27,126 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 7.2% during the first quarter. Punch & Associates Investment Management Inc. now owns 886,745 shares of the company’s stock valued at $11,998,000 after acquiring an additional 59,669 shares during the last quarter. Signature Equity Partners LLC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 2.7% during the first quarter. Signature Equity Partners LLC now owns 31,055 shares of the company’s stock valued at $420,000 after acquiring an additional 823 shares during the last quarter. Independent Financial Group LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the first quarter worth $1,116,000. Finally, Fifth Third Bancorp bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the first quarter worth $90,000.

First Trust High Yield Opportunities 2027 Term Fund (NYSE: FTHY) is a closed-end management investment company organized as a diversified term fund. Scheduled to terminate in 2027, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through a portfolio of fixed-income securities. It operates under the management of First Trust Advisors L.P., a subsidiary of First Trust, and utilizes professional research and risk-management processes to construct its holdings.

The fund primarily invests in U.S.