First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.22 and traded as high as $3.44. First Trust Specialty Finance and Financial Opportunities Fund shares last traded at $3.38, with a volume of 48,278 shares trading hands.
The company’s fifty day moving average is $3.22 and its two-hundred day moving average is $2.91.
Several large investors have recently bought and sold shares of FGB. Morgan Stanley lifted its holdings in shares of First Trust Specialty Finance and Financial Opportunities Fund by 62.7% during the 3rd quarter. Morgan Stanley now owns 159,199 shares of the closed-end fund’s stock valued at $365,000 after acquiring an additional 61,346 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of First Trust Specialty Finance and Financial