First Trust SSI Strategic Convertible Securities ETF (NASDAQ:FCVT) Shares Up 0% – Still a Buy?

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

First Trust SSI Strategic Convertible Securities ETF Trading Up 0.0%

The stock has a fifty day simple moving average of $51.45 and a 200-day simple moving average of $48.89.

First Trust SSI Strategic Convertible Securities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a $0.045 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, July 21st.

Institutional Investors Weigh In On First Trust SSI Strategic Convertible Securities ETF

Several hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 97.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the company’s stock valued at $30,000 after buying an additional 340 shares during the period. Caldwell Trust Co bought a new position in First Trust SSI Strategic Convertible Securities ETF during the fourth quarter worth about $28,000. Western Wealth Management LLC acquired a new position in First Trust SSI Strategic Convertible Securities ETF in the first quarter valued at about $35,000. Hershey Financial Advisers LLC increased its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 3.6% in the first quarter. Hershey Financial Advisers LLC now owns 24,336 shares of the company’s stock worth $1,075,000 after acquiring an additional 846 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust SSI Strategic Convertible Securities ETF by 2.9% in the first quarter. Cetera Investment Advisers now owns 32,850 shares of the company’s stock worth $1,451,000 after acquiring an additional 931 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.