First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Stock Price Up 0% – Here’s What Happened

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT)’s share price shot up 0% during mid-day trading on Tuesday . The stock traded as high as $50.28 and last traded at $50.28. Approximately 726 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 29,400 shares. The stock had previously closed at $50.27.

First Trust SSI Strategic Convertible Securities ETF Stock Up 0.0%

The stock has a 50-day moving average of $51.45 and a 200 day moving average of $48.89.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were paid a $0.045 dividend. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, July 21st.

Institutional Investors Weigh In On First Trust SSI Strategic Convertible Securities ETF

A number of institutional investors and hedge funds have recently modified their holdings of FCVT. City Center Advisors LLC bought a new position in First Trust SSI Strategic Convertible Securities ETF in the second quarter valued at approximately $215,000. Western Wealth Management LLC bought a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the 1st quarter valued at $35,000. Bank of America Corp DE raised its position in shares of First Trust SSI Strategic Convertible Securities ETF by 14.4% during the 1st quarter. Bank of America Corp DE now owns 46,152 shares of the company’s stock valued at $2,039,000 after acquiring an additional 5,805 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 32,850 shares of the company’s stock valued at $1,451,000 after purchasing an additional 931 shares during the period. Finally, Hershey Financial Advisers LLC lifted its stake in shares of First Trust SSI Strategic Convertible Securities ETF by 3.6% in the 1st quarter. Hershey Financial Advisers LLC now owns 24,336 shares of the company’s stock valued at $1,075,000 after purchasing an additional 846 shares during the period.

About First Trust SSI Strategic Convertible Securities ETF

The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.