Dakota Wealth Management Buys Shares of 317,164 First Trust Preferred Securities and Income ETF $FPE

Dakota Wealth Management bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 317,164 shares of the company’s stock, valued at approximately $5,779,000. Dakota Wealth Management owned about 0.09% of First Trust Preferred Securities and Income ETF at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont lifted its holdings in 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 valued at $35,000 after buying an additional 893 shares during the period. Rossby Financial LCC grew its holdings in 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 acquiring an additional 1,935 shares during the period. Ameriflex Group Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 339.3% during the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock worth $43,000 after acquiring an additional 1,832 shares during the period. Triumph Capital Management bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter valued at $61,000. Finally, Private Wealth Asset Management LLC raised its position 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 valued at $95,000 after acquiring an additional 4,481 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $17.55 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.51. The business’s fifty day moving average is $18.21 and its 200-day moving average is $18.27.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.0926 dividend. The ex-dividend date of this dividend 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) annualized dividend 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.