Envestnet Portfolio Solutions Inc. Grows Stock Position in First Trust Preferred Securities and Income ETF $FPE

Envestnet Portfolio Solutions Inc. raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 471,220 shares of the company’s stock after acquiring an additional 73,507 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.14% of First Trust Preferred Securities and Income ETF worth $8,595,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Trust Co. of Vermont grew its holdings in First Trust Preferred Securities and Income ETF by 85.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock valued at $35,000 after purchasing an additional 893 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position 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 buying an additional 1,200 shares during the last quarter. Quaker Wealth Management LLC boosted its position in First Trust Preferred Securities and Income ETF by 200.0% in 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 last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at about $58,000. Finally, Security National Bank increased its position in shares of First Trust Preferred Securities and Income ETF by 26.8% during the third quarter. Security National Bank now owns 9,458 shares of the company’s stock worth $173,000 after acquiring an additional 1,999 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $18.32 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 stock has a 50-day moving average price of $18.26 and a 200 day moving average price of $18.20.

First Trust Preferred Securities and Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be paid a dividend of $0.0683 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, January 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.