Raymond James & Associates Increases Stock Holdings in First Trust Income Opportunities ETF (NASDAQ:FCEF)

Raymond James & Associates lifted its stake in shares of First Trust Income Opportunities ETF (NASDAQ:FCEF) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,265 shares of the company’s stock after purchasing an additional 8,901 shares during the quarter. Raymond James & Associates owned about 6.39% of First Trust Income Opportunities ETF worth $2,300,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FCEF. Capital Investment Advisory Services LLC lifted its stake in shares of First Trust Income Opportunities ETF by 7.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 410,924 shares of the company’s stock worth $8,514,000 after acquiring an additional 29,603 shares during the period. Aurora Private Wealth Inc. lifted its position in First Trust Income Opportunities ETF by 24.0% in the second quarter. Aurora Private Wealth Inc. now owns 12,903 shares of the company’s stock valued at $272,000 after purchasing an additional 2,495 shares during the period. Finally, Concourse Financial Group Securities Inc. boosted its holdings in First Trust Income Opportunities ETF by 11.5% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 7,258 shares of the company’s stock valued at $150,000 after purchasing an additional 750 shares in the last quarter.

First Trust Income Opportunities ETF Trading Up 0.2 %

Shares of FCEF stock opened at $21.89 on Tuesday. The stock has a 50 day simple moving average of $21.37 and a 200-day simple moving average of $20.79. The company has a market cap of $37.43 million, a price-to-earnings ratio of 17.57 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 $21.99.

First Trust Income Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 13th were given a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 7.13%. The ex-dividend date was Tuesday, August 13th.

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.