First Trust Preferred Securities and Income ETF $FPE Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,359,790 shares of the company’s stock after selling 132,967 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.40% of First Trust Preferred Securities and Income ETF worth $24,803,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FPE. Trust Co. of Vermont increased its holdings in shares of First Trust Preferred Securities and Income ETF by 85.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock valued at $35,000 after acquiring an additional 893 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in 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 valued at $50,000 after purchasing an additional 1,200 shares during the last quarter. Quaker Wealth Management LLC raised its holdings in shares of 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 worth $55,000 after purchasing an additional 6,228 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter worth about $58,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 12.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock worth $110,000 after buying an additional 695 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $18.29 on Friday. The business has a 50 day moving average of $18.26 and a two-hundred day moving average of $18.16. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51.

First Trust Preferred Securities and Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders 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) 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.