Investors following the financial moves of First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) may be interested to learn that Daniel J. Lindquist, the Vice President of the company, has recently made significant purchases of the fund's shares. According to the latest filings, Lindquist acquired a total of 3,500 shares at a consistent price of $14.2999 per share, amounting to an investment of over $50,000.
The transactions took place on April 8th, 2024, as per the documents filed with the authorities on April 9th. The Vice President's acquisition was executed through indirect ownership by a family trust, reflecting a vote of confidence in the fund's prospects. Following the transaction, the total number of shares owned by Lindquist in the fund is now 3,500.
This move by a high-ranking executive within First Trust High Yield Opportunities 2027 Term Fund provides a noteworthy signal to the market. Investors often keep a close watch on insider transactions as they may offer insights into the company's performance and expectations. The fund, which is based in Wheaton, Illinois, operates within the financial sector and specializes in high-yield opportunities.
For those tracking the investment strategies of fund executives, the recent purchase by Lindquist is certainly a transaction to consider. It's a reminder that the actions of company insiders can be a valuable piece of information when assessing the potential of an investment in a particular fund or security.
InvestingPro Insights
Investors keeping tabs on First Trust High Yield Opportunities 2027 Term Fund (NYSE:FTHY) may find the recent insider purchases by Vice President Daniel J. Lindquist compelling, but additional metrics can provide a broader context for evaluating the fund's attractiveness. The fund's dividend yield stands at a notable 10.93% as of the 100th day of 2024, which is particularly impressive for income-focused investors. Furthermore, the fund's resilience is reflected in its price being at 96.81% of its 52-week high, signaling strong performance within the past year.
With a steady increase in the fund's price total return over various timeframes—14.02% over the last six months and 17.52% over the past year—investors may interpret these figures as indicators of robust growth. Additionally, the average daily volume over the last three months is 0.17M USD, suggesting a decent level of liquidity for shareholders.
For those considering a deeper dive into First Trust High Yield Opportunities 2027 Term Fund, there are even more "InvestingPro Tips" available. In fact, there are 12 additional tips listed on InvestingPro, which can provide further guidance for your investment decisions. Remember, you can get an extra 10% off a yearly or biyearly Pro and Pro+ subscription with the coupon code PRONEWS24.
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