First Trust Enhanced Equity Income Fund (FFA) Stock
The First Trust Enhanced Equity Income Fund functions as a closed-ended equity mutual fund, originally launched and primarily managed by First Trust Advisors L.P. Chartwell Investment Partners, L.P.
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About First Trust Enhanced Equity Income Fund
The First Trust Enhanced Equity Income Fund functions as a closed-ended equity mutual fund, originally launched and primarily managed by First Trust Advisors L.P. Chartwell Investment Partners, L.P. additionally serves as a co-manager. This fund strategically allocates capital within the public equity markets of the United States, seeking investments in companies across a broad spectrum of sectors and diverse market capitalizations. A key aspect of its strategy involves the writing of covered call options. The fund's portfolio performance is measured against the S&P 500 Index. Established in the United States on August 26, 2004, it was previously recognized as the First Trust/Fiduciary Asset Management Covered Call Fund.
First Trust Enhanced Equity Income Fund is headquartered in US.
First Trust Enhanced Equity Income Fund (FFA) stock trades at $23.60 with a market capitalization of $471.72M. The stock is valued at a price-to-earnings (P/E) ratio of 5.84, price-to-book of 0.99, price-to-sales of 14.33. Over the past 52 weeks the stock has ranged between $19.50 and $23.61, and currently trades at its 52-week high. It pays a dividend yielding 6.57%.
On profitability, First Trust Enhanced Equity Income Fund generates a return on equity (ROE) of 17.90%, above the typical market average, return on capital employed of 17.02%, an operating margin of 245.30%, a net profit margin of 245.30%.
Official website: www.ftportfolios.com/Retail/cef/cefsummary.aspx?Ticker=FFA