First Trust Income Opportunities ETF (NASDAQ:FCEF) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

First Trust Income Opportunities ETF (NASDAQ:FCEF) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $22.20 and traded as high as $22.64. First Trust Income Opportunities ETF shares last traded at $22.50, with a volume of 4,624 shares.

First Trust Income Opportunities ETF Stock Performance

The business’s 50 day moving average price is $22.20 and its 200-day moving average price is $21.69. The firm has a market cap of $41.28 million, a price-to-earnings ratio of 17.57 and a beta of 0.95.

First Trust Income Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a dividend of $0.135 per share. This represents a $1.62 annualized dividend and a yield of 7.30%. The ex-dividend date is Wednesday, December 11th.

Institutional Investors Weigh In On First Trust Income Opportunities ETF

A number of institutional investors have recently made changes to their positions in FCEF. Proactive Wealth Strategies LLC bought a new position in shares of First Trust Income Opportunities ETF in the 3rd quarter worth about $636,000. Arkadios Wealth Advisors bought a new stake in First Trust Income Opportunities ETF in the third quarter valued at $213,000. Raymond James & Associates boosted its holdings in shares of First Trust Income Opportunities ETF by 8.9% during the second quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock valued at $2,300,000 after acquiring an additional 8,901 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust Income Opportunities ETF by 12.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock valued at $1,416,000 after acquiring an additional 7,611 shares during the period. Finally, Boyce & Associates Wealth Consulting Inc. boosted its stake in First Trust Income Opportunities ETF by 11.3% during the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 14,272 shares of the company’s stock valued at $318,000 after purchasing an additional 1,449 shares during the period.

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.