First Trust Preferred Securities and Income ETF $FPE Shares Purchased by ROI Financial Advisors LLC

ROI Financial Advisors LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 41.5% in the third quarter, HoldingsChannel reports. The firm owned 116,186 shares of the company’s stock after buying an additional 34,066 shares during the period. First Trust Preferred Securities and Income ETF makes up about 1.3% of ROI Financial Advisors LLC’s portfolio, making the stock its 22nd biggest holding. ROI Financial Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,119,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Gallagher Fiduciary Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 1,719.9% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 3,675,202 shares of the company’s stock valued at $65,419,000 after purchasing an additional 3,473,262 shares during the last quarter. Jane Street Group LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 433.4% during the 2nd quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock valued at $24,971,000 after buying an additional 1,139,866 shares during the period. State of Tennessee Department of Treasury lifted its holdings in First Trust Preferred Securities and Income ETF by 58.0% in the second quarter. State of Tennessee Department of Treasury now owns 1,832,300 shares of the company’s stock valued at $32,615,000 after acquiring an additional 672,400 shares during the last quarter. Atria Investments Inc purchased a new position in First Trust Preferred Securities and Income ETF in the second quarter worth approximately $8,068,000. Finally, HighTower Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 12.6% during the third quarter. HighTower Advisors LLC now owns 3,261,881 shares of the company’s stock worth $59,497,000 after acquiring an additional 365,898 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.4%

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.39 on Monday. 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 fifty 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 business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.0926 dividend. The ex-dividend date of this dividend is Friday, February 20th. This is an increase from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.