First Trust SSI Strategic Convertible Securities ETF (FCVT) to Issue Monthly Dividend of $0.05 on May 29th

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) announced a monthly dividend on Wednesday, May 20th. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.045 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, May 21st.

First Trust SSI Strategic Convertible Securities ETF Stock Up 1.9%

Shares of FCVT opened at $51.61 on Friday. First Trust SSI Strategic Convertible Securities ETF has a 1 year low of $36.43 and a 1 year high of $52.55. The business’s 50 day simple moving average is $47.76 and its 200-day simple moving average is $45.64.

Institutional Trading of First Trust SSI Strategic Convertible Securities ETF

Several hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC increased its position in shares of First Trust SSI Strategic Convertible Securities ETF by 112.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 347,194 shares of the company’s stock valued at $14,941,000 after purchasing an additional 183,410 shares during the last quarter. Jane Street Group LLC increased its position in shares of First Trust SSI Strategic Convertible Securities ETF by 645.7% during the 2nd quarter. Jane Street Group LLC now owns 133,299 shares of the company’s stock valued at $5,173,000 after purchasing an additional 115,423 shares during the last quarter. Private Advisory Group LLC bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF during the 4th quarter valued at approximately $3,730,000. Royal Bank of Canada increased its position in shares of First Trust SSI Strategic Convertible Securities ETF by 49.9% during the 4th quarter. Royal Bank of Canada now owns 88,861 shares of the company’s stock valued at $3,824,000 after purchasing an additional 29,590 shares during the last quarter. Finally, Plus Group Wealth Advisors LLC bought a new position in shares of First Trust SSI Strategic Convertible Securities ETF during the 4th quarter valued at approximately $1,116,000.

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.