Concurrent Investment Advisors LLC Lowers Position in First Trust Preferred Securities and Income ETF $FPE

Concurrent Investment Advisors LLC lessened its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 39.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,547 shares of the company’s stock after selling 86,185 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,436,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FPE. Gallagher Fiduciary Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF by 1,719.9% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 3,675,202 shares of the company’s stock worth $65,419,000 after buying an additional 3,473,262 shares in the last quarter. Jane Street Group LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 433.4% during the 2nd quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock valued at $24,971,000 after buying an additional 1,139,866 shares in the last quarter. State of Tennessee Department of Treasury raised its position in shares of First Trust Preferred Securities and Income ETF by 58.0% during the 2nd quarter. State of Tennessee Department of Treasury now owns 1,832,300 shares of the company’s stock valued at $32,615,000 after buying an additional 672,400 shares in the last quarter. Atria Investments Inc bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth $8,068,000. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 87.6% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 812,847 shares of the company’s stock worth $14,469,000 after acquiring an additional 379,640 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $18.35 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 business’s fifty day simple moving average is $18.26 and its 200 day simple moving average is $18.18.

First Trust Preferred Securities and Income ETF Announces Dividend

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

About First Trust Preferred Securities and Income ETF

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.