Noteworthy Ownership Action: First Trust (NYSE:FEO) Institutional Investors 2016 Q2 Sentiment

November 17, 2016 - By Vivian Park   ·   0 Comments

Noteworthy Ownership Action: First Trust (NYSE:FEO) Institutional Investors  2016 Q2 Sentiment

Sentiment for First Trust (NYSE:FEO)

First Trust (NYSE:FEO) institutional sentiment decreased to 0.69 in Q2 2016. Its down -1.48, from 2.17 in 2016Q1. The ratio dived, as 9 funds increased and started new equity positions, while 13 reduced and sold their equity positions in First Trust. The funds in our partner’s database now own: 2.75 million shares, up from 2.75 million shares in 2016Q1. Also, the number of funds holding First Trust in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 8 Increased: 4 New Position: 5.

First Trust/Aberdeen Emerging Opportunity Fund is a diversified, closed-end management investment company. The company has a market cap of $71.91 million. The Fund’s investment objective is to seek a high level of total return. It currently has negative earnings. The Fund pursues its investment objective by investing approximately 80% of its managed assets in a diversified portfolio of equity and fixed-income securities of issuers in emerging market countries.

About 27,736 shares traded hands or 0.45% up from the average. First Trust aberdeen Emerging Oppo (NYSE:FEO) has declined 4.17% since April 15, 2016 and is downtrending. It has underperformed by 8.80% the S&P500.

City Of London Investment Management Co Ltd holds 1.08% of its portfolio in First Trust aberdeen Emerging Oppo for 925,695 shares. Camarda Financial Advisors Llc owns 44,585 shares or 0.42% of their US portfolio. Moreover, Gramercy Funds Management Llc has 0.41% invested in the company for 65,971 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.37% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 15,365 shares.#img1#

Another recent and important First Trust aberdeen Emerging Oppo (NYSE:FEO) news was published by Reuters.com which published an article titled: “First Trust/Aberdeen Emerging Opportunity Fund declares quarterly distribution of $0.35 per share” on September 10, 2015.

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By Vivian Park


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