First Trust Preferred Securities and Income ETF $FPE Shares Bought by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 628,645 shares of the company’s stock after acquiring an additional 44,103 shares during the quarter. Ameritas Investment Partners Inc. owned approximately 0.18% of First Trust Preferred Securities and Income ETF worth $11,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FPE. Trust Co. of Vermont boosted its position 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 purchasing an additional 893 shares during the period. Rossby Financial LCC lifted its stake in First Trust Preferred Securities and Income ETF by 469.7% during 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 in the last quarter. Quaker Wealth Management LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock worth $55,000 after buying an additional 6,228 shares during the period. Private Wealth Asset Management LLC increased its position in shares of 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 acquiring an additional 4,481 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 104.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 5,575 shares of the company’s stock worth $102,000 after acquiring an additional 2,850 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $18.39 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 company’s 50 day simple moving average is $18.30 and its 200-day simple moving average is $18.27.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a $0.0926 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. This is an increase from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. The ex-dividend date is Friday, February 20th.

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.