First Trust Enhanced Equity Income Fund (NYSE:FFA) Declares $0.39 Quarterly Dividend

First Trust Enhanced Equity Income Fund (NYSE:FFA) announced a quarterly dividend on Wednesday, June 10th. Investors of record on Monday, June 22nd will be given a dividend of 0.3875 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Monday, June 22nd.

First Trust Enhanced Equity Income Fund Trading Down 0.6%

FFA opened at $22.28 on Thursday. First Trust Enhanced Equity Income Fund has a 52-week low of $19.50 and a 52-week high of $23.24. The company has a 50 day moving average of $22.11 and a two-hundred day moving average of $21.81.

Institutional Investors Weigh In On First Trust Enhanced Equity Income Fund

Institutional investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC purchased a new stake in First Trust Enhanced Equity Income Fund during the fourth quarter worth approximately $25,000. Global Assets Advisory LLC purchased a new stake in First Trust Enhanced Equity Income Fund during the first quarter worth approximately $41,000. Axiom Investment Management LLC purchased a new stake in First Trust Enhanced Equity Income Fund during the first quarter worth approximately $118,000. PNC Financial Services Group Inc. grew its stake in First Trust Enhanced Equity Income Fund by 30.8% during the first quarter. PNC Financial Services Group Inc. now owns 8,034 shares of the company’s stock worth $164,000 after buying an additional 1,894 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new stake in First Trust Enhanced Equity Income Fund during the third quarter worth approximately $172,000.

About First Trust Enhanced Equity Income Fund

First Trust Enhanced Equity Income Fund (NYSE:FFA) is a closed-end management investment company managed by First Trust Advisors L.P. The fund seeks to provide total return with an emphasis on current income. To pursue its objective, the fund employs a dual strategy that combines equity ownership in U.S. companies with a systematic covered call option overlay.

FFA primarily invests in a diversified portfolio of common stocks of large- and mid-cap U.S. companies that are selected for their potential to pay dividends.