Arkadios Wealth Advisors Invests $213,000 in First Trust Income Opportunities ETF (NASDAQ:FCEF)

Arkadios Wealth Advisors bought a new stake in shares of First Trust Income Opportunities ETF (NASDAQ:FCEF) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 9,580 shares of the company’s stock, valued at approximately $213,000. Arkadios Wealth Advisors owned approximately 0.53% of First Trust Income Opportunities ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates raised its position in shares of First Trust Income Opportunities ETF by 8.9% during the 2nd quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock worth $2,300,000 after purchasing an additional 8,901 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of First Trust Income Opportunities ETF by 12.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock valued at $1,416,000 after acquiring an additional 7,611 shares in the last quarter. Boyce & Associates Wealth Consulting Inc. lifted its position in shares of First Trust Income Opportunities ETF by 11.3% in the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 14,272 shares of the company’s stock valued at $318,000 after acquiring an additional 1,449 shares in the last quarter. Aurora Private Wealth Inc. boosted its stake in shares of First Trust Income Opportunities ETF by 24.0% during the second quarter. Aurora Private Wealth Inc. now owns 12,903 shares of the company’s stock valued at $272,000 after acquiring an additional 2,495 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. increased its position in First Trust Income Opportunities ETF by 11.5% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 7,258 shares of the company’s stock worth $150,000 after purchasing an additional 750 shares in the last quarter.

First Trust Income Opportunities ETF Trading Down 0.7 %

NASDAQ:FCEF opened at $21.88 on Friday. First Trust Income Opportunities ETF has a 12-month low of $17.78 and a 12-month high of $22.36. The firm has a market cap of $39.38 million, a price-to-earnings ratio of 17.57 and a beta of 0.95. The company’s 50-day moving average is $22.04 and its two-hundred day moving average is $21.31.

First Trust Income Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were given a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.62 dividend on an annualized basis and a yield of 7.40%.

First Trust Income Opportunities ETF Profile

The First Trust Income Opportunity ETF (FCEF) is an exchange-traded fund that is based on the S-Network Composite Closed-End Fund index. The fund is an actively managed ETF that holds closed-end funds to get exposure to US and non-US equity, fixed income securities, and commodities. The fund’s primary objective is to provide current income.