Falcon Wealth Planning Has $23.27 Million Stock Holdings in First Trust Preferred Securities and Income ETF $FPE

Falcon Wealth Planning raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,275,937 shares of the company’s stock after purchasing an additional 77,011 shares during the period. First Trust Preferred Securities and Income ETF accounts for approximately 2.1% of Falcon Wealth Planning’s investment portfolio, making the stock its 16th biggest position. Falcon Wealth Planning owned approximately 0.37% of First Trust Preferred Securities and Income ETF worth $23,273,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital Analysts LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 13,641.0% during the 1st quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock worth $94,000 after purchasing an additional 5,320 shares during the last quarter. Summit Financial LLC raised its stake in First Trust Preferred Securities and Income ETF by 5.3% in the first quarter. Summit Financial LLC now owns 82,207 shares of the company’s stock valued at $1,446,000 after purchasing an additional 4,141 shares in the last quarter. CW Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $624,000. Ameriprise Financial Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 41.5% during the first quarter. Ameriprise Financial Inc. now owns 3,464,598 shares of the company’s stock worth $60,938,000 after purchasing an additional 1,016,528 shares during the last quarter. Finally, Trinity Legacy Partners LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 4.4% during the 1st quarter. Trinity Legacy Partners LLC now owns 541,777 shares of the company’s stock worth $9,514,000 after buying an additional 23,071 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $18.21 on Friday. The company’s 50 day moving average is $18.31 and its 200-day moving average is $18.11. First Trust Preferred Securities and Income ETF has a 1-year low of $16.77 and a 1-year high of $18.51.

First Trust Preferred Securities and Income ETF Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 4.8%.

First Trust Preferred Securities and Income ETF Company Profile

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.