Raymond James & Associates Sells 3,008 Shares of First Trust Income Opportunities ETF (NASDAQ:FCEF)

Raymond James & Associates reduced its position in shares of First Trust Income Opportunities ETF (NASDAQ:FCEF) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,577 shares of the company’s stock after selling 3,008 shares during the quarter. Raymond James & Associates owned 7.04% of First Trust Income Opportunities ETF worth $1,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. increased its holdings in First Trust Income Opportunities ETF by 40.2% during the third quarter. Atria Wealth Solutions Inc. now owns 15,462 shares of the company’s stock valued at $288,000 after buying an additional 4,430 shares during the last quarter. Kestra Advisory Services LLC bought a new position in First Trust Income Opportunities ETF in the 3rd quarter worth $2,456,000. Freedom Wealth Alliance LLC grew its holdings in First Trust Income Opportunities ETF by 10.7% during the third quarter. Freedom Wealth Alliance LLC now owns 11,567 shares of the company’s stock valued at $216,000 after purchasing an additional 1,121 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in First Trust Income Opportunities ETF by 53.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,929 shares of the company’s stock valued at $422,000 after purchasing an additional 6,213 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of First Trust Income Opportunities ETF by 46.4% in the second quarter. Commonwealth Equity Services LLC now owns 15,698 shares of the company’s stock worth $304,000 after buying an additional 4,976 shares during the period.

First Trust Income Opportunities ETF Trading Up 0.4 %

NASDAQ FCEF opened at $19.73 on Thursday. The company’s 50 day moving average is $20.26 and its two-hundred day moving average is $19.50. The stock has a market cap of $30.57 million, a price-to-earnings ratio of 16.94 and a beta of 0.95. First Trust Income Opportunities ETF has a 12 month low of $17.62 and a 12 month high of $20.80.

First Trust Income Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 7.60%.

First Trust Income Opportunities ETF 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.