First Trust Specialty Finance and Financial Opportunities Fund (FGB)
FGB moved a median of 0.00% 30 minutes after news, and +0.23% by the close. How FGB actually reacts to news — the realized, point-in-time move the market made, measured across 86 labeled events over the last three years with zero look-ahead.
FGB’s median reaction, across the day.
| Horizon | Median | % positive | Events |
|---|---|---|---|
| 5-min | 0.00% | 19% | 68 |
| 30-min | 0.00% | 48% | 75 |
| 60-min | +0.11% | 56% | 79 |
| to close | +0.23% | 54% | 80 |
| Middle 50% of FGB reactions | -0.10% to +0.52% |
|---|---|
| Median reaction (30-min) | 0.00% |
| Measured reactions | 86 |
Half of all First Trust Specialty Finance and Financial Opportunities Fund news events land between -0.10% and +0.52% at 30 minutes.
Reaction stats as of 2026-09-21. Newest measured event . Reaction = percent move vs. the price at the news timestamp.
Email me when FGB moves on news.
One email per qualifying move — the headline, the measured reaction, and how it compares to FGB's baseline. Nothing else.
Recent FGB events, each with its measured reaction.
| Date | Headline | Event | Source | 5-min | To close |
|---|---|---|---|---|---|
| Form N-8F FIRST TRUST SPECIALTY | SEC filing · Form N-8F | SEC EDGAR | — | — | |
| Form N-PX FIRST TRUST SPECIALTY For: Jun 30 | SEC filing · Form N-PX | SEC EDGAR | — | — | |
| Form NPORT-P FIRST TRUST SPECIALTY For: May 30 | SEC filing · Form NPORT-P | SEC EDGAR | — | — | |
| First Trust Announces Completion of First Trust Specialty Finance and Financial Opportunities Fund Reorganization into FT Confluence BDC & Specialty Finance Income ETF | Press release | Business Wire | — | — | |
| Form 8-K FIRST TRUST SPECIALTY For: Jun 30 | SEC filing · Form 8-K | SEC EDGAR | — | — | |
| First Trust Announces Expected Effective Date of First Trust Specialty Finance and Financial Opportunities Fund Reorganization into FT Confluence BDC & Specialty Finance Income ETF | Press release | Business Wire | -4.00% | -3.29% | |
| Form 8-K FIRST TRUST SPECIALTY For: Jun 06 | SEC filing · Form 8-K | SEC EDGAR | +0.98% | +0.73% | |
| First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.10 Per Share | Press release | Business Wire | +0.00% | -0.50% | |
| First Trust Announces Results of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into FT Confluence BDC & Specialty Finance Income ETF | Press release | Business Wire | +0.00% | -0.78% | |
| Form 8-K FIRST TRUST SPECIALTY For: May 06 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | -0.78% | |
| Form NPORT-P FIRST TRUST SPECIALTY For: Feb 28 | SEC filing · Form NPORT-P | SEC EDGAR | +0.00% | +0.13% | |
| First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into FT Confluence BDC & Specialty Finance Income ETF | Press release | Business Wire | -0.27% | +0.53% | |
| Form 8-K FIRST TRUST SPECIALTY For: Apr 21 | SEC filing · Form 8-K | SEC EDGAR | -0.27% | +0.53% | |
| First Trust Specialty Finance and Financial Opportunities Fund Announces Mailing of Proxy Materials for Special Meeting of Shareholders | Press release | Business Wire | +0.00% | -0.94% | |
| Form 8-K FIRST TRUST SPECIALTY For: Mar 05 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | -0.94% | |
| Form DEFA14A FIRST TRUST SPECIALTY | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | -0.45% | |
| First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.10 Per Share | Press release | Business Wire | +0.45% | +0.23% | |
| Form N-CSR FIRST TRUST SPECIALTY For: Nov 30 | SEC filing · Form N-CSR | SEC EDGAR | +0.00% | -1.11% | |
| Form N-CEN FIRST TRUST SPECIALTY For: Nov 30 | SEC filing · Form N-CEN | SEC EDGAR | +0.87% | -0.23% | |
| Form NPORT-P FIRST TRUST SPECIALTY For: Nov 29 | SEC filing · Form NPORT-P | SEC EDGAR | -0.45% | -0.34% | |
| First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.10 Per Share | Press release | Business Wire | +0.96% | +0.72% | |
| Form NPORT-P FIRST TRUST SPECIALTY For: Aug 30 | SEC filing · Form NPORT-P | SEC EDGAR | +0.00% | -1.08% | |
| Form DEF 14A FIRST TRUST SPECIALTY For: Oct 02 | SEC filing · Form DEF | SEC EDGAR | +0.24% | +0.24% | |
| Board of First Trust Specialty Finance and Financial Opportunities Fund Approves Conversion into an ETF and sets date of Annual Shareholder Meeting | Press release | Business Wire | +0.00% | +1.74% | |
| Form 8-K FIRST TRUST SPECIALTY For: Sep 10 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | +1.74% | |
| First Trust Specialty Finance and Financial Opportunities Fund Announces Results of Special Meeting of Shareholders Relating to the Proposed Reorganization with and into abrdn Total Dynamic Dividend Fund | Press release | Business Wire | +0.08% | +0.26% | |
| Form 8-K FIRST TRUST SPECIALTY For: Aug 29 | SEC filing · Form 8-K | SEC EDGAR | +0.08% | +0.26% | |
| First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into abrdn Total Dynamic Dividend Fund | Press release | Business Wire | +0.00% | +0.26% | |
| Form 8-K FIRST TRUST SPECIALTY For: Aug 23 | SEC filing · Form 8-K | SEC EDGAR | — | +0.80% | |
| Form N-PX FIRST TRUST SPECIALTY For: Jun 30 | SEC filing · Form N-PX | SEC EDGAR | +0.00% | +0.51% | |
| First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.10 Per Share | Press release | Business Wire | +0.00% | +0.00% | |
| Form N-CSRS FIRST TRUST SPECIALTY For: May 31 | SEC filing · Form N-CSRS | SEC EDGAR | — | +0.65% | |
| First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into abrdn Total Dynamic Dividend Fund | Press release | Business Wire | +0.00% | +0.25% | |
| Form 8-K FIRST TRUST SPECIALTY For: Jul 25 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | +0.25% | |
| Form NPORT-P FIRST TRUST SPECIALTY For: May 31 | SEC filing · Form NPORT-P | SEC EDGAR | +0.00% | -1.00% | |
| First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into abrdn Total Dynamic Dividend Fund | Press release | Business Wire | +0.00% | -0.75% | |
| Form 8-K FIRST TRUST SPECIALTY For: Jul 11 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | -0.75% | |
| First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into abrdn Total Dynamic Dividend Fund | Press release | Business Wire | +0.00% | +0.26% | |
| Form 8-K FIRST TRUST SPECIALTY For: Jun 18 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | +0.26% | |
| First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into abrdn Total Dynamic Dividend Fund | Press release | Business Wire | -0.21% | +0.52% | |
| Form 8-K FIRST TRUST SPECIALTY For: May 31 | SEC filing · Form 8-K | SEC EDGAR | +0.26% | +0.52% | |
| First Trust Specialty Finance and Financial Opportunities Fund Increases its Quarterly Distribution to $0.10 Per Share | Press release | Business Wire | +0.00% | +2.84% | |
| Form DEFA14A FIRST TRUST SPECIALTY | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | +0.00% | |
| Form DEFA14A FIRST TRUST SPECIALTY | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | +0.00% | |
| Form NPORT-P FIRST TRUST SPECIALTY For: Feb 29 | SEC filing · Form NPORT-P | SEC EDGAR | +0.00% | +0.14% | |
| First Trust Announces Adjournment of Special Meeting of Shareholders Relating to the Reorganization of First Trust Specialty Finance and Financial Opportunities Fund with and into abrdn Total Dynamic Dividend Fund | Press release | Business Wire | +0.00% | +0.85% | |
| Form 8-K FIRST TRUST SPECIALTY For: Apr 18 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | +0.85% | |
| Form DEFA14A FIRST TRUST SPECIALTY | SEC filing · Form DEFA14A | SEC EDGAR | +0.00% | +0.28% | |
| Form DEFA14A FIRST TRUST SPECIALTY | SEC filing · Form DEFA14A | SEC EDGAR | -0.32% | -0.40% | |
| Form DEFA14A FIRST TRUST SPECIALTY | SEC filing · Form DEFA14A | SEC EDGAR | — | -0.14% |
Each reaction is the move the market actually made, measured from the news timestamp. Headlines link through to the FGB section they belong to.
Where else FGB is measured.
FGB earnings → · Analyst actions → · SEC filings →
Other Financial Services names, measured the same way
| Ticker | Events | Median 30-min | % positive |
|---|---|---|---|
| VESTIN REALTY MTG II (VRTB) | 87 | 0.00% | 31% |
| BrightSphere Investment Group Inc. (BSIG) | 86 | -0.20% | 39% |
| Royce Small-Cap Trust, Inc. (RVT) | 86 | -0.03% | 41% |
| SYNCORA HOLDINGS LTD (SYCRF) | 86 | +0.21% | 53% |
Same sector, same measurement: percent move vs. the price at the news timestamp, read at 30 minutes. Sample sizes differ, so the medians are comparable but the confidence behind them is not.
All Financial Services names, measured the same way →
Every ticker we measure the same way24
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Costco (COST)
How COST actually reacts to news, measured.
Mastercard (MA)
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Oracle (ORCL)
How ORCL actually reacts to news, measured.
Salesforce (CRM)
How CRM actually reacts to news, measured.
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How DIS actually reacts to news, measured.
Browse all tickers
Every name we’ve measured, in one place.
How the numbers are made.
How is First Trust Specialty Finance and Financial Opportunities Fund's median reaction calculated?
Every labeled FGB news event is measured from its own timestamp: the last trade before the news is the base price, and the move is read at fixed horizons — 30 minutes of trading, then the close. The median across 86 events is what this page reports. Point-in-time, zero look-ahead: no event borrows information from a later one.
What counts as a positive reaction?
Any event whose price move is above zero at the horizon, relative to the last trade before the news timestamp. 48% of FGB's measured events are up at 30 minutes; the rest close the window flat or negative.
How often is this page updated?
The news table refreshes automatically as new events are labeled and priced. The reaction medians are re-pulled in batches from the dataset — the figures here are as of 2026-09-21.
Does FGB's past reaction predict its next one?
No. These are realized facts about past events, not forecasts. They describe a distribution — they say nothing certain about any future move.