First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT – Get Free Report) announced a monthly dividend on Wednesday, June 24th. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.045 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Thursday, June 25th.
First Trust SSI Strategic Convertible Securities ETF Stock Performance
FCVT opened at $53.00 on Thursday. The firm’s 50-day moving average price is $51.52 and its 200-day moving average price is $47.32. First Trust SSI Strategic Convertible Securities ETF has a 52-week low of $38.03 and a 52-week high of $54.90.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Caldwell Trust Co purchased a new position in shares of First Trust SSI Strategic Convertible Securities ETF in the fourth quarter worth $28,000. Rockefeller Capital Management L.P. raised its stake in First Trust SSI Strategic Convertible Securities ETF by 97.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the company’s stock worth $30,000 after acquiring an additional 340 shares during the last quarter. Western Wealth Management LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF during the 1st quarter worth about $35,000. Merkkuri Wealth Advisors LLC acquired a new stake in First Trust SSI Strategic Convertible Securities ETF during the 1st quarter worth about $52,000. Finally, Advisory Services Network LLC purchased a new stake in First Trust SSI Strategic Convertible Securities ETF during the 3rd 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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