First Trust High Yield Opportunities 2027 Term Fund Plans Monthly Dividend of $0.13 (NYSE:FTHY)

First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) declared a monthly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 1st will be paid a dividend of 0.125 per share on Thursday, June 25th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Monday, June 1st.

First Trust High Yield Opportunities 2027 Term Fund Stock Up 0.4%

Shares of NYSE FTHY opened at $13.50 on Thursday. First Trust High Yield Opportunities 2027 Term Fund has a 1-year low of $13.20 and a 1-year high of $14.98. The company has a 50-day moving average of $13.52 and a two-hundred day moving average of $13.86.

Hedge Funds Weigh In On First Trust High Yield Opportunities 2027 Term Fund

Institutional investors have recently modified their holdings of the stock. Sit Investment Associates Inc. increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 65.9% during the fourth quarter. Sit Investment Associates Inc. now owns 2,419,971 shares of the company’s stock worth $34,049,000 after acquiring an additional 961,702 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 48.6% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 827,076 shares of the company’s stock worth $11,637,000 after acquiring an additional 270,334 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 20,169.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 217,488 shares of the company’s stock worth $3,060,000 after acquiring an additional 216,415 shares in the last quarter. Aurora Private Wealth Inc. bought a new stake in shares of First Trust High Yield Opportunities 2027 Term Fund during the fourth quarter worth $2,761,000. Finally, Noble Wealth Management PBC increased its position in shares of First Trust High Yield Opportunities 2027 Term Fund by 477.0% during the fourth quarter. Noble Wealth Management PBC now owns 108,454 shares of the company’s stock worth $1,526,000 after acquiring an additional 89,659 shares in the last quarter.

First Trust High Yield Opportunities 2027 Term Fund (NYSE: FTHY) is a closed-end management investment company organized as a diversified term fund. Scheduled to terminate in 2027, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through a portfolio of fixed-income securities. It operates under the management of First Trust Advisors L.P., a subsidiary of First Trust, and utilizes professional research and risk-management processes to construct its holdings.

The fund primarily invests in U.S.