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

First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) declared a monthly dividend on Monday, July 20th. Investors of record on Tuesday, July 21st will be given a dividend of 0.045 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, July 21st.

First Trust SSI Strategic Convertible Securities ETF Trading Up 0.2%

Shares of NASDAQ:FCVT opened at $49.46 on Tuesday. First Trust SSI Strategic Convertible Securities ETF has a 12 month low of $38.97 and a 12 month high of $54.90. The company’s fifty day moving average price is $52.20 and its 200 day moving average price is $48.33.

Institutional Trading of First Trust SSI Strategic Convertible Securities ETF

Several institutional investors and hedge funds have recently made changes to their positions in FCVT. Royal Bank of Canada boosted its position in shares of First Trust SSI Strategic Convertible Securities ETF by 14.4% in the 1st quarter. Royal Bank of Canada now owns 70,695 shares of the company’s stock valued at $2,468,000 after purchasing an additional 8,908 shares during the period. Jane Street Group LLC lifted its stake in First Trust SSI Strategic Convertible Securities ETF by 50.2% in the first quarter. Jane Street Group LLC now owns 17,876 shares of the company’s stock valued at $624,000 after buying an additional 5,974 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in First Trust SSI Strategic Convertible Securities ETF by 23.7% in the second quarter. JPMorgan Chase & Co. now owns 12,963 shares of the company’s stock valued at $503,000 after buying an additional 2,487 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 3.3% in the 3rd quarter. Raymond James Financial Inc. now owns 89,532 shares of the company’s stock valued at $3,829,000 after acquiring an additional 2,844 shares during the period. Finally, Bank of America Corp DE increased its stake in First Trust SSI Strategic Convertible Securities ETF by 5.6% in the third quarter. Bank of America Corp DE now owns 40,958 shares of the company’s stock valued at $1,752,000 after purchasing an additional 2,177 shares during the period.

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.