Prasad Wealth Partners LLC Buys 42,420 Shares of First Trust Preferred Securities and Income ETF $FPE

Prasad Wealth Partners LLC lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,848 shares of the company’s stock after buying an additional 42,420 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 2.2% of Prasad Wealth Partners LLC’s portfolio, making the stock its 20th biggest holding. Prasad Wealth Partners LLC owned 0.13% of First Trust Preferred Securities and Income ETF worth $7,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Trust Co. of Vermont increased its holdings in 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 acquiring an additional 893 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 78.7% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,725 shares of the company’s stock worth $50,000 after purchasing an additional 1,200 shares during the period. Quaker Wealth Management LLC increased its stake 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 purchasing an additional 6,228 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter worth $58,000. 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 purchasing an additional 4,481 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.2%

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.27 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.51. The company has a fifty day moving average of $18.27 and a 200 day moving average of $18.23.

First Trust Preferred Securities and Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were paid a dividend of $0.0683 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, January 21st.

First Trust Preferred Securities and Income ETF 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.