First Trust Dividend and Income Fund (NYSE:FAV) saw an insider raise his position in the company today. The Director Thomas R. Kadlec acquired 2,000 shares of common stock at prices ranging from $8.5 to $8.62 per share. Following this move, Kadlec holds 2,000 shares directly.
A $71.44 million market cap company, First Trust Dividend and Income Fund (NYSE:FAV) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. Its secondary objective is capital appreciation. The Fund invests at least 80% of its managed assets in a diversified portfolio of dividend-paying, multi-cap equity securities of both United States and non-United States issuers.
In addition, at this time there are no current hedge funds involved in First Trust Dividend and Income Fund (NYSE:FAV), and this move by Kadlec was the first insider transaction that the company his seen in over 2 years.