Shares of First Trust Enhanced Equity Income Fund (NYSE:FFA – Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.42 and traded as low as $21.60. First Trust Enhanced Equity Income Fund shares last traded at $21.7410, with a volume of 18,090 shares trading hands.
First Trust Enhanced Equity Income Fund Price Performance
The stock’s 50-day moving average is $22.42 and its two-hundred day moving average is $21.86.
First Trust Enhanced Equity Income Fund Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a dividend of $0.3875 per share. The ex-dividend date is Monday, June 22nd. This represents a $1.55 dividend on an annualized basis and a yield of 7.1%.
Hedge Funds Weigh In On First Trust Enhanced Equity Income Fund
First Trust Enhanced Equity Income Fund Company Profile
First Trust Enhanced Equity Income Fund (NYSE:FFA) is a closed-end management investment company managed by First Trust Advisors L.P. The fund seeks to provide total return with an emphasis on current income. To pursue its objective, the fund employs a dual strategy that combines equity ownership in U.S. companies with a systematic covered call option overlay.
FFA primarily invests in a diversified portfolio of common stocks of large- and mid-cap U.S. companies that are selected for their potential to pay dividends.
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