First Trust Income Opportunities ETF (NASDAQ:FCEF) Shares Down 0.1% – Time to Sell?

First Trust Income Opportunities ETF (NASDAQ:FCEF)’s share price was down 0.1% during mid-day trading on Tuesday . The stock traded as low as $22.06 and last traded at $22.05. Approximately 18,186 shares traded hands during mid-day trading, an increase of 128% from the average daily volume of 7,971 shares. The stock had previously closed at $22.06.

First Trust Income Opportunities ETF Stock Down 0.1%

The company has a 50 day moving average price of $21.12 and a 200-day moving average price of $21.66. The company has a market cap of $45.41 million, a price-to-earnings ratio of 19.88 and a beta of 0.84.

First Trust Income Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 13th were issued a $0.135 dividend. This represents a $1.62 annualized dividend and a yield of 7.35%. The ex-dividend date was Tuesday, May 13th.

Institutional Trading of First Trust Income Opportunities ETF

Institutional investors have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC bought a new stake in First Trust Income Opportunities ETF in the first quarter valued at approximately $243,000. Commonwealth Equity Services LLC boosted its holdings in First Trust Income Opportunities ETF by 108.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 19,026 shares of the company’s stock valued at $411,000 after acquiring an additional 9,888 shares during the last quarter. Cetera Investment Advisers bought a new stake in First Trust Income Opportunities ETF in the first quarter valued at approximately $478,000. Boyce & Associates Wealth Consulting Inc. boosted its holdings in First Trust Income Opportunities ETF by 17.2% in the first quarter. Boyce & Associates Wealth Consulting Inc. now owns 29,410 shares of the company’s stock valued at $638,000 after acquiring an additional 4,312 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust Income Opportunities ETF by 17.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 93,413 shares of the company’s stock worth $2,026,000 after buying an additional 14,185 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.