Affinity Wealth Management LLC Raises Stock Position in First Trust Preferred Securities and Income ETF $FPE

Affinity Wealth Management LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,469,548 shares of the company’s stock after buying an additional 44,343 shares during the period. First Trust Preferred Securities and Income ETF comprises 3.8% of Affinity Wealth Management LLC’s holdings, making the stock its 10th largest position. Affinity Wealth Management LLC owned approximately 0.42% of First Trust Preferred Securities and Income ETF worth $26,775,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Gallagher Fiduciary Advisors LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 1,719.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 3,675,202 shares of the company’s stock valued at $65,419,000 after acquiring an additional 3,473,262 shares during the last quarter. Jane Street Group LLC boosted its position in First Trust Preferred Securities and Income ETF by 433.4% during the second quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock valued at $24,971,000 after purchasing an additional 1,139,866 shares during the last quarter. Ameriprise Financial Inc. grew its stake in First Trust Preferred Securities and Income ETF by 29.8% in the third quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock valued at $82,785,000 after purchasing an additional 1,041,910 shares in the last quarter. Integrity Wealth Advisors Inc. grew its stake in First Trust Preferred Securities and Income ETF by 84.7% in the third quarter. Integrity Wealth Advisors Inc. now owns 2,132,730 shares of the company’s stock valued at $38,447,000 after purchasing an additional 978,046 shares in the last quarter. Finally, State of Tennessee Department of Treasury increased 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 worth $32,615,000 after purchasing an additional 672,400 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.7%

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.75 on Wednesday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.51. The business’s 50 day moving average is $18.18 and its 200-day moving average is $18.26.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a dividend of $0.0926 per share. The ex-dividend date was Friday, February 20th. This is a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 6.3%.

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.