First Trust Income Opportunities ETF (NASDAQ:FCEF) Stock Price Up 0.4% – Should You Buy?

Shares of First Trust Income Opportunities ETF (NASDAQ:FCEF) shot up 0.4% on Wednesday . The company traded as high as $21.66 and last traded at $21.61. 2,654 shares were traded during mid-day trading, a decline of 60% from the average session volume of 6,638 shares. The stock had previously closed at $21.52.

First Trust Income Opportunities ETF Trading Up 0.4 %

The company has a fifty day moving average of $22.04 and a two-hundred day moving average of $21.77. The stock has a market capitalization of $40.19 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 announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th were given a dividend of $0.135 per share. This represents a $1.62 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date of this dividend was Wednesday, December 11th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FCEF. Arkadios Wealth Advisors acquired a new position in shares of First Trust Income Opportunities ETF in the third quarter valued at $213,000. Boyce & Associates Wealth Consulting Inc. raised its position in First Trust Income Opportunities ETF by 11.3% in the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 14,272 shares of the company’s stock worth $318,000 after purchasing an additional 1,449 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new stake in First Trust Income Opportunities ETF during the third quarter valued at approximately $636,000. Cambridge Investment Research Advisors Inc. boosted its holdings in 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 purchasing an additional 7,611 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of First Trust Income Opportunities ETF by 8.9% in the 2nd quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock valued at $2,300,000 after purchasing an additional 8,901 shares during the period.

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.