First Trust Preferred Securities and Income ETF $FPE Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC reduced its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 64.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,852 shares of the company’s stock after selling 34,920 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont raised its holdings 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 worth $35,000 after purchasing an additional 893 shares during the period. Rossby Financial LCC grew its holdings 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 purchasing an additional 1,935 shares during the period. Private Wealth Asset Management LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 595.9% during the 3rd 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 during the period. Hazlett Burt & Watson Inc. increased 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 in the last quarter. Finally, Security National Bank increased its position in 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 worth $173,000 after purchasing an additional 1,999 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA FPE opened at $18.14 on Tuesday. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.51. The company’s 50 day moving average price is $18.31 and its 200 day moving average price is $18.29.

First Trust Preferred Securities and Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders 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) dividend on an annualized basis and a dividend yield of 6.1%. This is a boost 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.