First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Plans Monthly Dividend of $0.04

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) declared a monthly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.045 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, September 24th.

First Trust SSI Strategic Convertible Securities ETF Price Performance

Shares of NASDAQ FCVT opened at $49.22 on Thursday. The company’s fifty day moving average is $49.74 and its 200-day moving average is $49.72. First Trust SSI Strategic Convertible Securities ETF has a twelve month low of $41.00 and a twelve month high of $54.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC lifted its holdings in First Trust SSI Strategic Convertible Securities ETF by 64.4% during the second quarter. Concurrent Investment Advisors LLC now owns 283,615 shares of the company’s stock valued at $15,251,000 after purchasing an additional 111,050 shares during the last quarter. Hershey Financial Advisers LLC grew its holdings in First Trust SSI Strategic Convertible Securities ETF by 3.6% during the 1st quarter. Hershey Financial Advisers LLC now owns 24,336 shares of the company’s stock valued at $1,075,000 after buying an additional 846 shares in the last quarter. Western Wealth Management LLC purchased a new stake in shares of First Trust SSI Strategic Convertible Securities ETF in the first quarter worth about $35,000. Cetera Investment Advisers grew its stake in First Trust SSI Strategic Convertible Securities ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 32,850 shares of the company’s stock valued at $1,451,000 after acquiring an additional 931 shares in the last quarter. Finally, Continuum Advisory LLC bought a new position in First Trust SSI Strategic Convertible Securities ETF in the 2nd quarter valued at $38,000.

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.