First Trust SSI Strategic Convertible Securities ETF (FCVT)
| Assets | $207.96M |
| NAV | $37.47 |
| Expense Ratio | 0.95% |
| PE Ratio | n/a |
| Shares Out | 5.55M |
| Dividend (ttm) | $9.86 |
| Dividend Yield | 26.23% |
| Ex-Dividend Date | Jan 21, 2022 |
| 1-Year Return | -29.20% |
| Volume | 114,115 |
| Open | 37.29 |
| Previous Close | 37.48 |
| Day's Range | 36.03 - 37.57 |
| 52-Week Low | 36.03 |
| 52-Week High | 36.03 |
| Beta | 0.79 |
| Holdings | 136 |
| Inception Date | Nov 4, 2015 |
About FCVT
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in a portfolio of U.S. and non-U.S. convertible securities. In general, convertible securities combine the investment characteristics of bonds and common stocks and typically consist of debt securities or preferred securities that may be converted or exchanged within a specified period of time into a certain amount of common stock or other equity security of the same or a different issuer.
Top 10 Holdings
20.76% of assets| Name | Symbol | Weight |
|---|---|---|
| Palo Alto Networks Inc 0.75% | N/A | 2.65% |
| Broadcom Inc Broadcom Inc 8 % Mandatory Convertible Preferred Stock Ser A | N/A | 2.53% |
| ON Semiconductor Corp. | N/A | 2.40% |
| Danaher Corp 5% PRF PERPETUAL USD 1000 - Ser B | N/A | 2.39% |
| DexCom Inc 0.25% | N/A | 2.24% |
| NextEra Energy Inc Unit | N/A | 1.78% |
| Us Dollars | N/A | 1.71% |
| Live Nation Entertainment, Inc. 2.5% | N/A | 1.69% |
| Pioneer Natural Resources Company 0.25% | N/A | 1.69% |
| Southwest Airlines Co. 1.25% | LUV 1.25 05.01.25 | 1.67% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 21, 2022 | $0.150 | Jan 31, 2022 |
| Dec 23, 2021 | $8.9858 | Dec 31, 2021 |
| Nov 23, 2021 | $0.150 | Nov 30, 2021 |
| Oct 21, 2021 | $0.150 | Oct 29, 2021 |
| Sep 23, 2021 | $0.100 | Sep 30, 2021 |
| Aug 24, 2021 | $0.040 | Aug 31, 2021 |
News
Convertible Bond ETFs: A Pandemic Winner
The volume of convertible bond sales has reached its highest levels since 2007 this year.
Convertible Bond ETF Plays for an Extended Bull Market
Convertible bond ETFs could be one answer for investors whom are concerned about the extended bull equity run and the pressure for high-yield bonds.