November 18, 2016 - By Winifred Garcia · 0 Comments
First Trust Dividend & Income Fund (NYSE:FAV) institutional sentiment increased to 1 in Q2 2016. Its up 0.27, from 0.73 in 2016Q1. The ratio is positive, as 8 investment managers started new or increased stock positions, while 11 reduced and sold their equity positions in First Trust Dividend & Income Fund. The investment managers in our partner’s database now possess: 3.36 million shares, up from 2.94 million shares in 2016Q1. Also, the number of investment managers holding First Trust Dividend & Income Fund in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 6 Reduced: 5 Increased: 8 New Position: 0.
First Trust Dividend and Income Fund is a diversified, closed-end management investment company. The company has a market cap of $73.26 million. The Fund’s investment objective is to seek a high level of current income and capital appreciation. It currently has negative earnings. The Fund invests approximately 80% of its Managed Assets in a diversified portfolio of dividend-paying, multi-cap equity securities, debt securities, and senior, secured floating rate loans.
First Trust Dividend and Income Fund (NYSE:FAV) has risen 3.14% since March 21, 2016 and is uptrending. It has underperformed by 1.29% the S&P500.
Bulldog Investors Llc holds 3.91% of its portfolio in First Trust Dividend and Income Fund for 1.69 million shares. Sit Investment Associates Inc owns 888,497 shares or 0.21% of their US portfolio. Moreover, Icon Advisers Inc Co has 0.11% invested in the company for 175,118 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.04% in the stock. Karpus Management Inc., a New York-based fund reported 30,609 shares.#img1#
More notable recent First Trust Dividend and Income Fund (NYSE:FAV) news were published by: Businesswire.com which released: “First Trust Dividend and Income Fund (FAV) Declares Final Distribution” on October 07, 2016, also Businesswire.com with their article: “First Trust Dividend and Income Fund Declares Final Distribution of $0.17 Per …” published on October 11, 2016, Businesswire.com published: “First Trust Dividend and Income Fund’s Board Approves Merger into First Trust …” on March 18, 2016. More interesting news about First Trust Dividend and Income Fund (NYSE:FAV) were released by: Businesswire.com and their article: “Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund …” published on November 10, 2016 as well as Businesswire.com‘s news article titled: “First Trust Announces Joint Shareholder Approval of First Trust Dividend and …” with publication date: October 03, 2016.
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By Winifred Garcia