Fifth Third Securities Inc. Reduces Stake in First Trust Preferred Securities and Income ETF $FPE

Fifth Third Securities Inc. cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 415,866 shares of the company’s stock after selling 59,614 shares during the quarter. Fifth Third Securities Inc. owned about 0.12% of First Trust Preferred Securities and Income ETF worth $7,585,000 as of its most recent SEC filing.

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

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $18.21 on Friday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51. The stock’s fifty day moving average is $18.31 and its two-hundred day moving average is $18.11.

First Trust Preferred Securities and Income ETF Dividend Announcement

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

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.