Proactive Wealth Strategies LLC Takes $636,000 Position in First Trust Income Opportunities ETF (NASDAQ:FCEF)

Proactive Wealth Strategies LLC bought a new position in shares of First Trust Income Opportunities ETF (NASDAQ:FCEF) in the 3rd quarter, Holdings Channel.com reports. The fund bought 28,556 shares of the company’s stock, valued at approximately $636,000.

Several other large investors also recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its stake in shares of First Trust Income Opportunities ETF by 12.8% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 67,271 shares of the company’s stock valued at $1,416,000 after buying an additional 7,611 shares during the period. Raymond James & Associates raised its holdings in First Trust Income Opportunities ETF by 8.9% in the second quarter. Raymond James & Associates now owns 109,265 shares of the company’s stock valued at $2,300,000 after acquiring an additional 8,901 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in First Trust Income Opportunities ETF in the third quarter worth approximately $213,000. Boyce & Associates Wealth Consulting Inc. grew its holdings in First Trust Income Opportunities ETF by 11.3% during the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 14,272 shares of the company’s stock worth $318,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Aurora Private Wealth Inc. increased its position in shares of First Trust Income Opportunities ETF by 24.0% in the 2nd quarter. Aurora Private Wealth Inc. now owns 12,903 shares of the company’s stock valued at $272,000 after purchasing an additional 2,495 shares during the last quarter.

First Trust Income Opportunities ETF Trading Up 0.3 %

First Trust Income Opportunities ETF stock opened at $22.47 on Tuesday. The company has a fifty day simple moving average of $22.08 and a 200-day simple moving average of $21.44. The stock has a market cap of $41.79 million, a P/E ratio of 17.57 and a beta of 0.95. First Trust Income Opportunities ETF has a 12-month low of $18.44 and a 12-month high of $22.49.

First Trust Income Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders 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 annualized dividend and a dividend yield of 7.21%.

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.