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)’s stock price crossed 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 traded.

First Trust Income Opportunities ETF Stock Up 0.3 %

The company has a market capitalization of $41.28 million, a PE ratio of 17.57 and a beta of 0.95. The company’s 50 day moving average is $22.20 and its two-hundred day moving average is $21.69.

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 $0.135 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Wednesday, December 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Proactive Wealth Strategies LLC purchased a new stake in First Trust Income Opportunities ETF during the third quarter valued at $636,000. Arkadios Wealth Advisors bought a new stake in shares of First Trust Income Opportunities ETF in the 3rd quarter worth about $213,000. Boyce & Associates Wealth Consulting Inc. raised its position in shares of 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 buying an additional 1,449 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First Trust Income Opportunities ETF by 12.8% in the 2nd 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 last quarter. Finally, Raymond James & Associates grew its position in First Trust Income Opportunities ETF by 8.9% in the second quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock worth $2,300,000 after acquiring an additional 8,901 shares in the last quarter.

About First Trust Income Opportunities ETF

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.