November 18, 2016 - By Louis Casey · 0 Comments
First Trust Specialty Finance & Financial Opportunities Fund (NYSE:FGB) institutional sentiment increased to 1 in Q2 2016. Its up 0.11, from 0.89 in 2016Q1. The ratio has increased, as 8 institutional investors increased and opened new holdings, while 9 sold and decreased stakes in First Trust Specialty Finance & Financial Opportunities Fund. The institutional investors in our partner’s database now hold: 906,537 shares, down from 1.01 million shares in 2016Q1. Also, the number of institutional investors holding First Trust Specialty Finance & Financial Opportunities Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 5 Increased: 7 New Position: 1.
First Trust Specialty Finance and Financial Opportunities Fund is a non-diversified, closed-end management investment company. The company has a market cap of $98.74 million. The Fund’s primary investment objective is to seek a high level of current income. It currently has negative earnings. The Fund seeks attractive total return as a secondary objective.
About 6,058 shares traded hands. First Trust Spclty Fin & Fncl Opptnts Fd (NYSE:FGB) has risen 15.45% since April 18, 2016 and is uptrending. It has outperformed by 11.02% the S&P500.
Doliver Capital Advisors Inc. holds 0.1% of its portfolio in First Trust Spclty Fin & Fncl Opptnts Fd for 18,304 shares. Ifc Holdings Incorporated Fl owns 112,958 shares or 0.08% of their US portfolio. Moreover, Commonwealth Equity Services Inc has 0.01% invested in the company for 99,241 shares. The Texas-based Next Financial Group Inc has invested 0.01% in the stock. Ameriprise Financial Inc, a Minnesota-based fund reported 17,444 shares.#img1#
First Trust Speciality Finance and Financial Opportunities Fund, formerly First Trust/Gallatin Specialty Finance and Financial Opportunities Fund, is a non-diversified, closed-end fund that seeks a high level of current income. The Fundâ€™s secondary objective is to seek total return. The Fund will seek to achieve its investment objectives by investing at least 80% of its managed assets in a portfolio of securities of specialty finance and other financial companies that offer opportunities for income and capital appreciation. The Fund will invest at least 25% of its total assets in securities of companies within industries in the financial sector. First Trust Advisors L.P. (First Trust Advisors) is the Fund’s investment adviser.
Another recent and important First Trust Spclty Fin & Fncl Opptnts Fd (NYSE:FGB) news was published by Reuters.com which published an article titled: “First Trust Spclty Fin & Fncl Opptnts Fd Announces Name Change” on August 08, 2008.
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By Louis Casey