Wolverine Asset Management LLC lifted its position in First Trust Spclty Fin & Fncl Opptnts Fd (NYSE:FGB) by 263.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 118,464 shares of the closed-end fund’s stock after buying an additional 85,849 shares during the period. Wolverine Asset Management LLC’s holdings in First Trust Spclty Fin & Fncl Opptnts Fd were worth $727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC purchased a new stake in shares of First Trust Spclty Fin & Fncl Opptnts Fd in the fourth quarter valued at approximately $821,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of First Trust Spclty Fin & Fncl Opptnts Fd by 533.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 142,469 shares of the closed-end fund’s stock valued at $875,000 after purchasing an additional 119,982 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of First Trust Spclty Fin & Fncl Opptnts Fd by 92.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 25,275 shares of the closed-end fund’s stock valued at $173,000 after purchasing an additional 12,135 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of First Trust Spclty Fin & Fncl Opptnts Fd by 97.5% in the second quarter. Royal Bank of Canada now owns 21,977 shares of the closed-end fund’s stock valued at $159,000 after purchasing an additional 10,850 shares during the period.

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Shares of First Trust Spclty Fin & Fncl Opptnts Fd (FGB) opened at $6.09 on Wednesday. First Trust Spclty Fin & Fncl Opptnts Fd has a twelve month low of $5.65 and a twelve month high of $7.79.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 23rd were issued a $0.175 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 11.49%.

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First Trust Spclty Fin & Fncl Opptnts Fd Profile

First Trust Specialty Finance and Financial Opportunities Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. The Fund seeks attractive total return as a secondary objective. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies.

Want to see what other hedge funds are holding FGB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Spclty Fin & Fncl Opptnts Fd (NYSE:FGB).

Institutional Ownership by Quarter for First Trust Spclty Fin & Fncl Opptnts Fd (NYSE:FGB)

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