Appleton Partners Inc. MA Raises Position in First Trust Preferred Securities and Income ETF $FPE

Appleton Partners Inc. MA boosted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 26.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 203,925 shares of the company’s stock after purchasing an additional 42,681 shares during the period. Appleton Partners Inc. MA owned about 0.06% of First Trust Preferred Securities and Income ETF worth $3,716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FPE. Trust Co. of Vermont raised its stake in shares of First Trust Preferred Securities and Income ETF by 85.1% in the third quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock valued at $35,000 after buying an additional 893 shares during the period. Rossby Financial LCC grew its stake in shares of First Trust Preferred Securities and Income ETF by 469.7% during the 3rd quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock worth $43,000 after acquiring an additional 1,935 shares during the period. Ameriflex Group Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 339.3% in the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock worth $43,000 after acquiring an additional 1,832 shares during the last quarter. Triumph Capital Management purchased a new stake in First Trust Preferred Securities and Income ETF in the 3rd quarter worth about $61,000. Finally, Private Wealth Asset Management LLC raised its stake in First Trust Preferred Securities and Income ETF by 595.9% in the 3rd quarter. Private Wealth Asset Management LLC now owns 5,233 shares of the company’s stock valued at $95,000 after acquiring an additional 4,481 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.5%

NYSEARCA FPE opened at $17.86 on Tuesday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51. The firm’s 50-day simple moving average is $18.26 and its two-hundred day simple moving average is $18.28.

First Trust Preferred Securities and Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a $0.0926 dividend. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 6.2%. This is a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07.

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.