Citigroup Inc. Boosts Stock Position in First Trust Preferred Securities and Income ETF $FPE

Citigroup Inc. raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 985,145 shares of the company’s stock after purchasing an additional 144,720 shares during the period. Citigroup Inc. owned about 0.29% of First Trust Preferred Securities and Income ETF worth $17,969,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rossby Financial LCC raised its position in shares of First Trust Preferred Securities and Income ETF by 469.7% in the third quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after buying an additional 1,935 shares during the last quarter. Darden Wealth Group Inc grew its stake in First Trust Preferred Securities and Income ETF by 1.8% in the 3rd quarter. Darden Wealth Group Inc now owns 152,451 shares of the company’s stock worth $2,781,000 after acquiring an additional 2,703 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in First Trust Preferred Securities and Income ETF by 0.3% in the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,121,163 shares of the company’s stock valued at $20,450,000 after acquiring an additional 3,574 shares during the last quarter. Synovus Financial Corp lifted its stake in shares of First Trust Preferred Securities and Income ETF by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 82,444 shares of the company’s stock worth $1,504,000 after purchasing an additional 648 shares during the period. Finally, WealthBridge Capital Management LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 2.4% during the 3rd quarter. WealthBridge Capital Management LLC now owns 91,893 shares of the company’s stock worth $1,676,000 after purchasing an additional 2,185 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.3%

Shares of NYSEARCA:FPE opened at $18.31 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 has a fifty day simple moving average of $18.32 and a 200-day simple moving average of $18.28.

First Trust Preferred Securities and Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.0926 dividend. This is a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 6.1%.

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.