Econ Financial Services Corp Takes Position in First Trust Preferred Securities and Income ETF $FPE

Econ Financial Services Corp bought a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 116,862 shares of the company’s stock, valued at approximately $2,129,000.

A number of other institutional investors have also recently bought and sold shares of the business. Trust Co. of Vermont raised its stake in shares of First Trust Preferred Securities and Income ETF by 85.1% in the 3rd 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 in the last quarter. Rossby Financial LCC boosted its position 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 valued at $43,000 after acquiring an additional 1,935 shares in the last quarter. Ameriflex Group Inc. increased its stake in First Trust Preferred Securities and Income ETF by 339.3% in the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after acquiring an additional 1,832 shares during the period. Triumph Capital Management acquired a new position in First Trust Preferred Securities and Income ETF in the third quarter worth about $61,000. Finally, Private Wealth Asset Management LLC raised its position in First Trust Preferred Securities and Income ETF by 595.9% in the third quarter. Private Wealth Asset Management LLC now owns 5,233 shares of the company’s stock worth $95,000 after purchasing an additional 4,481 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.75 on Wednesday. The company has a 50-day moving average price of $18.18 and a two-hundred day moving average price of $18.26. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.51.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently declared 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 of this dividend was Friday, February 20th. This represents a c) annualized dividend and a yield of 6.3%. 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.