First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT – Get Free Report) announced a monthly dividend on Wednesday, May 20th. Investors of record on Thursday, May 21st will be paid a dividend of 0.045 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, May 21st.
First Trust SSI Strategic Convertible Securities ETF Trading Up 1.5%
Shares of FCVT opened at $50.81 on Thursday. The business’s 50-day moving average price is $47.62 and its 200-day moving average price is $45.59. First Trust SSI Strategic Convertible Securities ETF has a twelve month low of $36.43 and a twelve month high of $52.55.
Institutional Investors Weigh In On First Trust SSI Strategic Convertible Securities ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Caldwell Trust Co bought a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the fourth quarter valued at about $28,000. Rockefeller Capital Management L.P. increased its position in shares of First Trust SSI Strategic Convertible Securities ETF by 97.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 689 shares of the company’s stock valued at $30,000 after buying an additional 340 shares during the period. Western Wealth Management LLC bought a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the first quarter valued at about $35,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the first quarter valued at about $52,000. Finally, Advisory Services Network LLC bought a new stake in shares of First Trust SSI Strategic Convertible Securities ETF during the third quarter valued at about $78,000.
About First Trust SSI Strategic Convertible Securities ETF
The First Trust SSI Strategic Convertible Securities ETF (FCVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of convertible securities from within and outside the US. FCVT was launched on Nov 4, 2015 and is managed by First Trust.
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