LinkedIn
WebsiteIntroduction
FIRST TR EXCHANGE TRADED FD IV SSI STRATEGIC CON (ticker: FCVT) is an exchange-traded fund listed on the Nasdaq Stock Market. The fund, also known in Korean as FIRST TRUST SSI STRATEGIC CONVERTIBLE SECURITIES, primarily invests in convertible securities, providing exposure to potential equity growth and fixed-income characteristics. As of October 9, 2025, FCVT shares are trading at USD 43.82, reflecting a decrease of 0.32% for the day.
Corporate Structure
The fund is advised by First Trust Advisors L.P. (“FTA”) and sponsored by its affiliate First Trust Portfolios L.P. (“FTP”). FTA is a federally registered investment advisor headquartered in Wheaton, Illinois, managing approximately USD 278 billion in assets as of June 30, 2025. FTP operates as a FINRA-registered broker-dealer and distributor of mutual fund shares and ETF creation units. Both entities are privately held.
Convertible Securities by Markus Spiske
Developments and News
On August 20, 2025, First Trust Advisors L.P. announced its monthly distributions for several exchange-traded funds, including FCVT. Shareholders of record on specific distribution dates may receive cash payments following each fund’s distribution schedule. Detailed prospectuses containing information on fees, risks, and distribution policies are available at ftportfolios.com or by calling 1-800-621-1675.
Financial and Strategic Analysis
FCVT’s strategy focuses on convertible securities, which incorporate characteristics of both fixed-income and equity instruments. These securities can provide:
- Downside protection through bond-like coupons and principal repayment features
- Upside participation in equity markets if the issuer’s stock price increases
As of October 9, 2025:
| Metric | Value |
|---|---|
| Share Price | USD 43.82 |
| Daily Change | –0.32% |
| Trading Volume | 178,069 |
| Average Volume (30d) | 45,508 |
| Volume Rate | +291.29% |
The trading volume exceeding three times the 30-day average indicates increased market activity in FCVT shares. Investors should assess interest-rate risk, credit spreads, and equity volatility when considering strategies focused on convertible securities.
Market Position and Industry Context
Convertible securities ETFs play a unique role between traditional bond and equity funds. FCVT competes with similar funds and is part of the First Trust platform, which offers a diverse range of ETFs, closed-end funds, and unit investment trusts. In a market influenced by changing monetary policies and equity market volatility, convertible strategies may serve as diversifiers or tactical allocations in diversified portfolios.
tl;dr
On October 9, 2025, FCVT closed at USD 43.82, a decrease of 0.32%, with trading volume increasing 291.29% above its 30-day average. First Trust Advisors announced the fund’s monthly distribution on August 20, 2025. Investors should remain mindful of convertible securities’ sensitivity to interest rates, credit conditions, and equity volatility.
