First Trust Spclty Fin & Fncl Opptnts Fd (NYSE:FGB) Share Price Passes Below 50 Day Moving Average of $6.13

First Trust Spclty Fin & Fncl Opptnts Fd (NYSE:FGB)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.13 and traded as low as $6.06. First Trust Spclty Fin & Fncl Opptnts Fd shares last traded at $6.12, with a volume of 15,728 shares changing hands.

The business’s 50-day simple moving average is $6.13 and its two-hundred day simple moving average is $6.17.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.70 dividend on an annualized basis and a yield of 11.48%.

Large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its position in First Trust Spclty Fin & Fncl Opptnts Fd by 25.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 471,449 shares of the closed-end fund’s stock valued at $2,904,000 after buying an additional 95,040 shares during the last quarter. Good Life Advisors LLC lifted its position in shares of First Trust Spclty Fin & Fncl Opptnts Fd by 11.3% during the second quarter. Good Life Advisors LLC now owns 42,491 shares of the closed-end fund’s stock worth $264,000 after purchasing an additional 4,327 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of First Trust Spclty Fin & Fncl Opptnts Fd by 12.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 185,709 shares of the closed-end fund’s stock worth $1,153,000 after purchasing an additional 20,109 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of First Trust Spclty Fin & Fncl Opptnts Fd during the second quarter worth about $97,000. Finally, Quad Cities Investment Group LLC lifted its position in shares of First Trust Spclty Fin & Fncl Opptnts Fd by 6.2% during the second quarter. Quad Cities Investment Group LLC now owns 170,777 shares of the closed-end fund’s stock worth $1,057,000 after purchasing an additional 9,939 shares during the last quarter.

First Trust Spclty Fin & Fncl Opptnts Fd Company Profile (NYSE:FGB)

First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors.

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