FT Confluence BDC & Specialty Finance Income ETF (FGB)
| Assets | n/a |
| Expense Ratio | n/a |
| PE Ratio | n/a |
| Shares Out | 14.37M |
| Dividend (ttm) | $0.40 |
| Dividend Yield | 9.64% |
| Ex-Dividend Date | May 22, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | n/a |
| Volume | n/a |
| Open | n/a |
| Previous Close | 4.150 |
| Day's Range | n/a |
| 52-Week Low | 3.390 |
| 52-Week High | 4.640 |
| Beta | 1.14 |
| Holdings | n/a |
| Inception Date | n/a |
About FGB
First Trust Specialty Finance and Financial Opportunities Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Confluence Investment Management LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the specialty finance and other financial sectors. The fund primarily invests in value stocks of companies, as well as in Business Development Companies, REITs, and other mortgage related securities. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against a composite benchmark comprised of 70% Wells Fargo BDC Index, 20% FTSE NAREIT Mortgage REIT Index, and 10% S&P SmallCap Financials Index. It was formerly known as First Trust/Gallatin Specialty Finance and Financial Opportunities Fund. First Trust Specialty Finance and Financial Opportunities Fund was formed on March 20, 2007 and domiciled in the United States.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| May 22, 2025 | $0.100 | May 30, 2025 |
| Feb 24, 2025 | $0.100 | Feb 28, 2025 |
| Nov 22, 2024 | $0.100 | Dec 2, 2024 |
| Aug 22, 2024 | $0.100 | Aug 30, 2024 |
| May 22, 2024 | $0.100 | May 31, 2024 |
| Feb 22, 2024 | $0.0825 | Feb 29, 2024 |
Performance
FGB had a total return of 18.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.75%.
News
First Trust Announces Completion of First Trust Specialty Finance and Financial Opportunities Fund Reorganization into FT Confluence BDC & Specialty Finance Income ETF
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the reorganization of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB), a closed-end ma...
First Trust Announces Expected Effective Date of First Trust Specialty Finance and Financial Opportunities Fund Reorganization into FT Confluence BDC & Specialty Finance Income ETF
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that, subject to the satisfaction of certain customary closing conditions, the reorganization of First Trust Specialty...
First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.10 Per Share
WHEATON, Ill,--(BUSINESS WIRE)--First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.10 per ...
First Trust Announces Results of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into FT Confluence BDC & Specialty Finance Income ETF
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today the results of the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (...
CEF Weekly Review: Bull Market In CLO Equity CEFs
We review the CEF market valuation and performance through the fourth week of April and highlight recent market action. CEFs experienced a strong week, with all sectors rallying and trimming losses to...
First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into FT Confluence BDC & Specialty Finance Income ETF
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB)...
First Trust Specialty Finance and Financial Opportunities Fund Announces Mailing of Proxy Materials for Special Meeting of Shareholders
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that proxy materials for the proposed reorganization of First Trust Specialty Finance and Financial Opportunities Fund...
Board of First Trust Specialty Finance and Financial Opportunities Fund Approves Conversion into an ETF and sets date of Annual Shareholder Meeting
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the Board of Trustees of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB), a closed-end...
abrdn Total Dynamic Dividend Fund (AOD) Announces Update on Proposed Acquisition of Assets from First Trust Specialty Finance and Financial Opportunities Fund
PHILADELPHIA, PA / ACCESSWIRE / August 29, 2024 / The Board of Trustees of abrdn Total Dynamic Dividend Fund (NYSE:AOD) ("AOD"), announces that shareholders of First Trust Specialty Finance and Financ...
First Trust Specialty Finance and Financial Opportunities Fund Announces Results of Special Meeting of Shareholders Relating to the Proposed Reorganization with and into abrdn Total Dynamic Dividend Fund
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB) (the “Fund”), a diversified, closed-end management investment company organized as a Massachu...
First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into abrdn Total Dynamic Dividend Fund
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the special meeting of shareholders of First Trust Specialty Finance and Financial Opportunities Fund (NYSE: FGB)...
FGB: Potential Acquisition Taking An Extended Amount Of Time
First Trust Specialty Finance and Financial Opportunities Fund is set to be acquired by abrdn Total Dynamic Dividend Fund, but it is taking a considerable amount of time. FGB has shown strong performa...
First Trust Specialty Finance and Financial Opportunities Fund Increases its Quarterly Distribution to $0.10 Per Share
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has increased its regularly scheduled quarterly distribution to $0.10 per share ...
First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.0825 Per Share
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.0825 pe...
The Month In Closed-End Funds: September 2023
For the second straight month, both equity (-3.12% on a NAV basis) and fixed income (-1.94%) CEFs on average suffered downside performance. At month end, 9% of all CEFs traded at a premium to their NA...
FGB: Remains A Pass For Serious BDC Investors
As we approach Q2 business development company earnings, we take a look at First Trust Special Finance and Financial Opportunities Fund - a closed-end fund that allocates primarily to BDCs. On paper, ...
FGB: Basket Of BDCs At A Discount
The First Trust Specialty Finance & Financial Opportunities Fund has 93% of its fund invested in BDCs, which have been benefiting from rising interest rates. FGB offers a potential opportunity with it...
FGB: Back In Deep Discount Territory
FGB has become an interesting fund to trade on occasion when larger-than-usual discounts open up. Recently, we've seen that discount open up once again to over 13%.
BDC Weekly Review: Another Year Of Underperformance For BDC CEF FGB
We take a look at the action in business development companies through the fourth week of January and highlight some of the key themes we are watching. BDCs had another good week with the sector appro...
4 Closed-End Fund Buys In The Month Of November 2022
The markets have added to the gains they started in October. I add to my investments every month; however, this month, I did quite a bit of movement with several positions I sold too.
First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust Specialty Finance and Financial Opportunities Fund
WHEATON, Ill.
FGB: Attractive Discount And Distribution Coverage Jumps
FGB's latest report showed that net investment income jumped quite meaningfully. That should leave it in a better position to maintain its high double-digit yield.
FGB: Discount And Decline Make This An Interesting Play
The fund invests primarily in BDCs, despite the more open-ended name of "finance and financial opportunities." BDCs were holding up relatively well, with the latest declines and discount expansion mak...
First Trust Specialty Finance and Financial Opportunities Fund Declares Its Quarterly Distribution of $0.0825 Per Share
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.0825 pe...