First Trust High Yield Opportunities 2027 Term Fund (FTHY) to Issue Monthly Dividend of $0.12 on November 25th

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) declared a monthly dividend on Tuesday, October 20th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.1250 per share on Wednesday, November 25th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Monday, November 2nd.

First Trust High Yield Opportunities 2027 Term Fund Price Performance

FTHY stock opened at $12.79 on Thursday. The company’s 50-day moving average is $13.05 and its 200-day moving average is $13.37. First Trust High Yield Opportunities 2027 Term Fund has a 1 year low of $12.49 and a 1 year high of $14.42.

Insider Buying and Selling

In other news, insider William A. Housey, Jr. purchased 5,241 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were acquired at an average price of $12.95 per share, for a total transaction of $67,870.95. Following the completion of the acquisition, the insider owned 16,841 shares in the company, valued at approximately $218,090.95. The trade was a 45.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David Mcgarel acquired 10,000 shares of First Trust High Yield Opportunities 2027 Term Fund stock in a transaction on Friday, September 25th. The stock was purchased at an average cost of $12.92 per share, with a total value of $129,200.00. Following the purchase, the insider directly owned 24,000 shares of the company’s stock, valued at approximately $310,080. This trade represents a 71.43% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 22,741 shares of company stock worth $293,746.

Institutional Investors Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Punch & Associates Investment Management Inc. bought a new position in shares of First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter worth $13,246,000. Royal Bank of Canada grew its position in 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 valued at $9,576,000 after purchasing an additional 27,126 shares during the period. Almitas Capital LLC acquired a new stake in First Trust High Yield Opportunities 2027 Term Fund in the 2nd quarter valued at $2,724,000. Private Advisory Group LLC bought a new stake in First Trust High Yield Opportunities 2027 Term Fund during the 2nd quarter valued at $1,892,000. Finally, Kestra Advisory Services LLC increased its stake in First Trust High Yield Opportunities 2027 Term Fund by 12.3% during the 1st quarter. Kestra Advisory Services LLC now owns 139,739 shares of the company’s stock valued at $1,891,000 after purchasing an additional 15,273 shares in the last quarter.

First Trust High Yield Opportunities 2027 Term Fund (NYSE: FTHY) is a closed-end management investment company designed to provide investors with current income and, to a lesser extent, capital appreciation. The fund invests primarily in high-yield, below-investment-grade debt securities issued by corporate and other borrowers.

FTHY may invest in a diversified portfolio of fixed-income securities, including bonds and other debt instruments issued by U.S. and non-U.S. companies. Because these securities generally carry higher credit risk than investment-grade bonds, the fund’s portfolio is subject to credit, interest-rate and market risks.

The fund is managed by First Trust Advisors L.P., an investment adviser affiliated with First Trust, an asset-management firm offering exchange-traded funds, mutual funds, separately managed accounts and other investment products.