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FundVantage Trust (PCFI) stock surged +1.24%, trading at $24.57 on AMEX, up from the previous close of $24.27. The stock opened at $24.31, fluctuating between $24.31 and $24.57 in the recent session.
FundVantage Trust is a series of investment funds offering various portfolios, including the Polen Floating Rate Income ETF (Ticker: PCFI). The Polen Floating Rate Income ETF aims to achieve overall total return by investing primarily in bank loans and other high-yield fixed income securities, focusing on “middle market” issuers in the United States and, to a lesser extent, Canada.
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