Magnus Financial Group LLC Purchases 66,426 Shares of First Trust Preferred Securities and Income ETF $FPE

Magnus Financial Group LLC grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,757,223 shares of the company’s stock after buying an additional 66,426 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for approximately 2.5% of Magnus Financial Group LLC’s holdings, making the stock its 7th biggest holding. Magnus Financial Group LLC owned 0.51% of First Trust Preferred Securities and Income ETF worth $32,052,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Stephens Inc. AR boosted its holdings in First Trust Preferred Securities and Income ETF by 0.9% during the third quarter. Stephens Inc. AR now owns 349,045 shares of the company’s stock valued at $6,367,000 after purchasing an additional 2,977 shares in the last quarter. Midwest Heritage Bank FSB boosted its stake in First Trust Preferred Securities and Income ETF by 2.1% in the 3rd quarter. Midwest Heritage Bank FSB now owns 375,173 shares of the company’s stock valued at $6,843,000 after buying an additional 7,612 shares in the last quarter. Columbia Advisory Partners LLC raised its stake in First Trust Preferred Securities and Income ETF by 69.4% during the third quarter. Columbia Advisory Partners LLC now owns 53,759 shares of the company’s stock worth $981,000 after acquiring an additional 22,029 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.7% during the third quarter. Valmark Advisers Inc. now owns 272,049 shares of the company’s stock valued at $4,962,000 after acquiring an additional 9,607 shares during the period. Finally, Mainsail Financial Group LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 7.6% during the 3rd quarter. Mainsail Financial Group LLC now owns 135,324 shares of the company’s stock valued at $2,468,000 after purchasing an additional 9,529 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1%

NYSEARCA:FPE opened at $18.33 on Thursday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.51. The firm has a 50 day moving average of $18.26 and a 200-day moving average of $18.18.

First Trust Preferred Securities and Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were issued a dividend of $0.0732 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 4.8%.

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.