First Trust Municipal CEF Income Opportunity ETF (NASDAQ:MCEF) Stock Price Down 0.4%

First Trust Municipal CEF Income Opportunity ETF (NASDAQ:MCEF)’s stock price dropped 0.4% during mid-day trading on Friday . The company traded as low as $19.33 and last traded at $19.33, approximately 1,857 shares changed hands during trading. A decline of 45% from the average daily volume of 3,401 shares. The stock had previously closed at $19.40.

The stock has a 50 day moving average price of $19.49 and a 200-day moving average price of $19.06.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.047 per share. The ex-dividend date is Friday, October 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.92%.

Large investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of First Trust Municipal CEF Income Opportunity ETF by 30.9% in the second quarter. Royal Bank of Canada now owns 4,240 shares of the company’s stock worth $80,000 after purchasing an additional 1,000 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of First Trust Municipal CEF Income Opportunity ETF by 1,325.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,700 shares of the company’s stock worth $108,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake in shares of First Trust Municipal CEF Income Opportunity ETF by 69.6% in the second quarter. Susquehanna International Group LLP now owns 49,503 shares of the company’s stock worth $936,000 after purchasing an additional 20,309 shares during the last quarter.

Further Reading: Why investors pay attention to retained earnings

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