First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) Shares Pass Above Fifty Day Moving Average of $3.64

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.64 and traded as high as $3.72. First Trust Specialty Finance and Financial Opportunities Fund shares last traded at $3.71, with a volume of 33,457 shares changing hands.

First Trust Specialty Finance and Financial Opportunities Fund Stock Performance

The business has a 50 day moving average of $3.64 and a 200 day moving average of $3.48.

First Trust Specialty Finance and Financial Opportunities Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Friday, February 23rd were paid a dividend of $0.083 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 8.96%. This is a positive change from First Trust Specialty Finance and Financial Opportunities Fund’s previous quarterly dividend of $0.08.

Institutional Trading of First Trust Specialty Finance and Financial Opportunities Fund

A number of hedge funds have recently added to or reduced their stakes in FGB. Blue Bell Private Wealth Management LLC boosted its stake in First Trust Specialty Finance and Financial Opportunities Fund by 147.9% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 9,087 shares of the closed-end fund’s stock worth $34,000 after buying an additional 5,421 shares during the last quarter. Almitas Capital LLC acquired a new stake in First Trust Specialty Finance and Financial Opportunities Fund in the 3rd quarter worth about $41,000. L.M. Kohn & Company acquired a new stake in First Trust Specialty Finance and Financial Opportunities Fund in the 4th quarter worth about $42,000. Atria Wealth Solutions Inc. acquired a new stake in First Trust Specialty Finance and Financial Opportunities Fund in the 3rd quarter worth about $54,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in First Trust Specialty Finance and Financial Opportunities Fund in the 3rd quarter worth about $62,000.

About First Trust Specialty Finance and Financial Opportunities Fund

First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors.