APS Management Group Inc. Invests $2.13 Million in First Trust Preferred Securities and Income ETF $FPE

APS Management Group Inc. acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 116,482 shares of the company’s stock, valued at approximately $2,125,000. First Trust Preferred Securities and Income ETF accounts for approximately 1.5% of APS Management Group Inc.’s portfolio, making the stock its 15th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont boosted its holdings in First Trust Preferred Securities and Income ETF by 85.1% in the third quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after acquiring an additional 893 shares in the last quarter. Hazlett Burt & Watson Inc. increased 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 acquiring an additional 1,200 shares during the last quarter. Quaker Wealth Management LLC raised its stake in First Trust Preferred Securities and Income ETF by 200.0% during the second 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 in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $58,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 valued at $110,000 after buying an additional 695 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.2%

Shares of NYSEARCA:FPE opened at $18.25 on Wednesday. The firm’s 50 day simple moving average is $18.27 and its 200-day simple moving average is $18.16. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.51.

First Trust Preferred Securities and Income ETF Dividend Announcement

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