First Trust (NYSE:FEO) Move as Institutional Investors’ Sentiment Increased

September 16, 2018 - By Frank Plummer

Sentiment for First Trust (NYSE:FEO)

First Trust (NYSE:FEO) institutional sentiment increased to 2 in 2018 Q2. Its up 1.33, from 0.67 in 2018Q1. The ratio is more positive, as 12 hedge funds increased and opened new holdings, while 6 sold and reduced their holdings in First Trust. The hedge funds in our partner’s database now own: 1.59 million shares, up from 1.42 million shares in 2018Q1. Also, the number of hedge funds holding First Trust in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 5 Increased: 7 New Position: 5.

The stock increased 0.47% or $0.06 during the last trading session, reaching $12.94. About 15,203 shares traded. First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) has declined 25.00% since September 16, 2017 and is downtrending. It has underperformed by 40.62% the S&P500.

1607 Capital Partners Llc holds 0.17% of its portfolio in First Trust/Aberdeen Emerging Opportunity Fund for 220,089 shares. Cornerstone Advisors Inc owns 21,380 shares or 0.04% of their US portfolio. Moreover, Lazard Asset Management Llc has 0.02% invested in the company for 591,709 shares. The Illinois-based Rmb Capital Management Llc has invested 0.02% in the stock. Benjamin F. Edwards & Company Inc., a Missouri-based fund reported 8,297 shares.

Another recent and important First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) news was published by Seekingalpha.com which published an article titled: “First Trust/Aberdeen Emerging Opportunity Fund declares $0.35 dividend” on September 10, 2018.

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