First Trust Preferred Securities and Income ETF $FPE Stake Lowered by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 27.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,893 shares of the company’s stock after selling 53,418 shares during the period. D.A. Davidson & CO.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FPE. Falcon Wealth Planning lifted its stake in First Trust Preferred Securities and Income ETF by 6.4% in the third quarter. Falcon Wealth Planning now owns 1,275,937 shares of the company’s stock valued at $23,273,000 after acquiring an additional 77,011 shares during the last quarter. Asset Allocation Strategies LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter valued at $3,232,000. B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $652,000. Parallel Advisors LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 9.7% in the 2nd quarter. Parallel Advisors LLC now owns 96,072 shares of the company’s stock valued at $1,710,000 after purchasing an additional 8,458 shares during the last quarter. Finally, Aspect Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF in the second quarter worth $183,000.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $18.29 on Friday. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.51. The company’s fifty day moving average price is $18.26 and its two-hundred day moving average price is $18.16.

First Trust Preferred Securities and Income ETF Announces Dividend

The business 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. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend 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.