54,305 Shares in First Trust Preferred Securities and Income ETF $FPE Bought by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. purchased a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 54,305 shares of the company’s stock, valued at approximately $991,000.

A number of other large investors have also recently bought and sold shares of FPE. US Bancorp DE lifted its stake in shares of First Trust Preferred Securities and Income ETF by 9.3% in the 3rd quarter. US Bancorp DE now owns 248,682 shares of the company’s stock valued at $4,537,000 after purchasing an additional 21,189 shares during the period. MAI Capital Management increased its holdings in First Trust Preferred Securities and Income ETF by 8.1% in the third quarter. MAI Capital Management now owns 1,777,084 shares of the company’s stock worth $32,414,000 after purchasing an additional 132,559 shares in the last quarter. Cozad Asset Management Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 4.9% in the third quarter. Cozad Asset Management Inc. now owns 12,405 shares of the company’s stock valued at $226,000 after buying an additional 585 shares during the period. Lake Street Private Wealth LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 6.4% during the 3rd quarter. Lake Street Private Wealth LLC now owns 147,465 shares of the company’s stock worth $2,690,000 after buying an additional 8,873 shares in the last quarter. Finally, Private Advisory Group LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 5.0% during the 3rd quarter. Private Advisory Group LLC now owns 168,753 shares of the company’s stock worth $3,078,000 after buying an additional 7,981 shares during the period.

First Trust Preferred Securities and Income ETF Trading Down 0.3%

NYSEARCA:FPE opened at $18.31 on Monday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.51. The company has a fifty day moving average of $18.32 and a 200-day moving average of $18.28.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.0926 per share. This is an increase from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, February 20th.

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.