First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Trading Up 0% – Should You Buy?

Shares of First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) rose 0% during mid-day trading on Tuesday . The company traded as high as $50.28 and last traded at $50.28. Approximately 726 shares changed hands during trading, a decline of 98% from the average session volume of 29,400 shares. The stock had previously closed at $50.27.

First Trust SSI Strategic Convertible Securities ETF Price Performance

The company’s 50-day moving average is $51.40 and its 200 day moving average is $48.93.

First Trust SSI Strategic Convertible Securities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were issued a $0.045 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Trading of First Trust SSI Strategic Convertible Securities ETF

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

First Trust SSI Strategic Convertible Securities ETF Company Profile

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.