First Trust Municipal CEF Income Opportunity ETF (NASDAQ:MCEF) Trading Down 0.4%

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First Trust Municipal CEF Income Opportunity ETF (NASDAQ:MCEF) shares were down 0.4% during trading on Friday . The company traded as low as $19.33 and last traded at $19.33, approximately 1,857 shares were traded during mid-day trading. A decline of 45% from the average daily volume of 3,401 shares. The stock had previously closed at $19.40.

The stock’s 50-day moving average is $19.50 and its 200 day moving average is $19.06.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.047 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, October 11th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MCEF. Royal Bank of Canada increased its position in shares of First Trust Municipal CEF Income Opportunity ETF by 30.9% in the 2nd quarter. Royal Bank of Canada now owns 4,240 shares of the company’s stock valued at $80,000 after buying an additional 1,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of First Trust Municipal CEF Income Opportunity ETF by 1,325.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,700 shares of the company’s stock valued at $108,000 after buying an additional 5,300 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in shares of First Trust Municipal CEF Income Opportunity ETF by 69.6% in the 2nd quarter. Susquehanna International Group LLP now owns 49,503 shares of the company’s stock valued at $936,000 after buying an additional 20,309 shares in the last quarter.

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