First Trust Enhanced Equity Income Fund (FFA) To Go Ex-Dividend on June 22nd

First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Wednesday, June 10th. Investors of record on Monday, June 22nd will be given a dividend of 0.3875 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Monday, June 22nd.

First Trust Enhanced Equity Income Fund Price Performance

NYSE:FFA opened at $22.61 on Friday. First Trust Enhanced Equity Income Fund has a 1-year low of $19.50 and a 1-year high of $23.24. The business’s 50-day moving average price is $22.38 and its two-hundred day moving average price is $21.86.

Institutional Trading of First Trust Enhanced Equity Income Fund

A number of hedge funds have recently modified their holdings of FFA. PMG Family Office LLC acquired a new position in First Trust Enhanced Equity Income Fund during the third quarter valued at approximately $1,230,000. Shaker Financial Services LLC increased its stake in First Trust Enhanced Equity Income Fund by 16.8% in the fourth quarter. Shaker Financial Services LLC now owns 286,580 shares of the company’s stock valued at $6,310,000 after purchasing an additional 41,233 shares in the last quarter. Readystate Asset Management LP acquired a new stake in First Trust Enhanced Equity Income Fund in the fourth quarter worth $844,000. Invesco Ltd. boosted its position in shares of First Trust Enhanced Equity Income Fund by 8.7% during the fourth quarter. Invesco Ltd. now owns 415,134 shares of the company’s stock worth $9,141,000 after purchasing an additional 33,158 shares in the last quarter. Finally, Aurora Private Wealth Inc. bought a new position in shares of First Trust Enhanced Equity Income Fund during the fourth quarter worth $534,000.

First Trust Enhanced Equity Income Fund Company Profile

First Trust Enhanced Equity Income Fund (NYSE:FFA) is a closed-end management investment company managed by First Trust Advisors L.P. The fund seeks to provide total return with an emphasis on current income. To pursue its objective, the fund employs a dual strategy that combines equity ownership in U.S. companies with a systematic covered call option overlay.

FFA primarily invests in a diversified portfolio of common stocks of large- and mid-cap U.S. companies that are selected for their potential to pay dividends.