First Trust Income Opportunities ETF to Issue Dividend of $0.14 (NASDAQ:FCEF)

First Trust Income Opportunities ETF (NASDAQ:FCEF) announced a dividend on Monday, August 10th, NASDAQ Dividends reports. Shareholders of record on Tuesday, August 11th will be given a dividend of 0.1375 per share on Monday, August 31st. The ex-dividend date is Tuesday, August 11th.

First Trust Income Opportunities ETF Stock Performance

First Trust Income Opportunities ETF stock traded down $0.08 during mid-day trading on Tuesday, reaching $24.14. The stock had a trading volume of 13,014 shares, compared to its average volume of 18,780. The firm has a market capitalization of $82.08 million, a PE ratio of 19.88 and a beta of 0.77. First Trust Income Opportunities ETF has a fifty-two week low of $21.95 and a fifty-two week high of $24.30. The stock’s 50-day simple moving average is $23.80 and its 200-day simple moving average is $23.52.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers increased its position in shares of First Trust Income Opportunities ETF by 9.7% during the second quarter. Cetera Investment Advisers now owns 24,169 shares of the company’s stock worth $542,000 after acquiring an additional 2,144 shares in the last quarter. Western Wealth Management LLC bought a new position in First Trust Income Opportunities ETF in the 1st quarter valued at about $51,000. Osaic Holdings Inc. boosted its stake in First Trust Income Opportunities ETF by 7.7% during the 4th quarter. Osaic Holdings Inc. now owns 45,192 shares of the company’s stock valued at $1,038,000 after purchasing an additional 3,213 shares during the last quarter. Raymond James Financial Inc. boosted its stake in First Trust Income Opportunities ETF by 3.1% during the 2nd quarter. Raymond James Financial Inc. now owns 121,098 shares of the company’s stock valued at $2,715,000 after purchasing an additional 3,641 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in First Trust Income Opportunities ETF during the 4th quarter worth approximately $102,000.

First Trust Income Opportunities ETF Company Profile

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. FCEF was launched on Sep 27, 2016 and is managed by First Trust.