Asset Allocation Strategies LLC Buys Shares of 177,219 First Trust Preferred Securities and Income ETF $FPE

Asset Allocation Strategies LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 177,219 shares of the company’s stock, valued at approximately $3,232,000. Asset Allocation Strategies LLC owned approximately 0.05% of First Trust Preferred Securities and Income ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hazlett Burt & Watson Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 78.7% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,725 shares of the company’s stock worth $50,000 after purchasing an additional 1,200 shares in the last quarter. Quaker Wealth Management LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock valued at $55,000 after purchasing an additional 6,228 shares during the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $58,000. Capital Analysts LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 13,641.0% in the 1st quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock valued at $94,000 after acquiring an additional 5,320 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 12.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock worth $110,000 after purchasing an additional 695 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $18.19 on Thursday. The firm’s 50-day moving average price is $18.31 and its two-hundred day moving average price is $18.10. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.51.

First Trust Preferred Securities and Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were issued a dividend of $0.0732 per share. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Friday, November 21st.

About First Trust Preferred Securities and Income ETF

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum.