First Trust Dividend and Income Fund (FAV) : Advisory Alpha added new position in First Trust Dividend and Income Fund during the most recent quarter end. The investment management firm now holds 1,444 shares of First Trust Dividend and Income Fund which is valued at $12,808 , the company said in a statement filed on Oct 14, 2016 with the SEC.First Trust Dividend and Income Fund makes up approximately 0.01% of Advisory Alpha’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in FAV by selling 24 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 1,226 shares of FAV which is valued at $11,114. Raymond James Trust N.a. added FAV to its portfolio by purchasing 22,500 company shares during the most recent quarter which is valued at $205,200. First Trust Dividend and Income Fund makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.
First Trust Dividend and Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of current income and capital appreciation. The Fund invests at least 80% of its Managed Assets in a diversified portfolio of dividend-paying multi-cap equity securities debt securities and senior secured floating rate loans. The Fund’s portfolio consists of two components: the equity component consisting of equity securities of United States and non-United States issuers of any market capitalization that are traded on a registered United States national securities exchange and the senior loan/high yield debt component. The Fund invests in sectors such as financials consumer discretionary energy health care information technology consumer staples industrials materials telecommunication services and utilities among others. First Trust Advisors L.P. is the Fund’s investment advisor.