Advisory Alpha LLC Boosts Stock Position in First Trust Preferred Securities and Income ETF $FPE

Advisory Alpha LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,183,198 shares of the company’s stock after purchasing an additional 91,129 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 1.1% of Advisory Alpha LLC’s holdings, making the stock its 21st largest position. Advisory Alpha LLC owned approximately 0.64% of First Trust Preferred Securities and Income ETF worth $39,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont increased 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 worth $35,000 after acquiring an additional 893 shares during the period. Rossby Financial LCC boosted its holdings in First Trust Preferred Securities and Income ETF by 469.7% in the third quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after purchasing an additional 1,935 shares during the last quarter. Private Wealth Asset Management LLC boosted its holdings 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 valued at $95,000 after purchasing an additional 4,481 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in First Trust Preferred Securities and Income ETF by 104.6% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 5,575 shares of the company’s stock worth $102,000 after purchasing an additional 2,850 shares during the period. Finally, Security National Bank raised its stake in shares of First Trust Preferred Securities and Income ETF by 26.8% during the 3rd quarter. Security National Bank now owns 9,458 shares of the company’s stock valued at $173,000 after buying an additional 1,999 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.3%

First Trust Preferred Securities and Income ETF stock opened at $18.27 on Thursday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51. The business’s 50-day moving average price is $18.32 and its 200 day moving average price is $18.28.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently announced 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 a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 6.1%.

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.