Glassy Mountain Advisors Inc. Sells 49,441 Shares of First Trust Preferred Securities and Income ETF $FPE

Glassy Mountain Advisors Inc. reduced its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 436,254 shares of the company’s stock after selling 49,441 shares during the period. First Trust Preferred Securities and Income ETF accounts for about 2.4% of Glassy Mountain Advisors Inc.’s portfolio, making the stock its 16th largest holding. Glassy Mountain Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $7,957,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Visionary Wealth Advisors increased its position in shares of First Trust Preferred Securities and Income ETF by 0.9% during the 2nd quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock worth $1,233,000 after purchasing an additional 634 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 1.0% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 62,151 shares of the company’s stock valued at $1,106,000 after buying an additional 636 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 0.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 86,611 shares of the company’s stock valued at $1,580,000 after buying an additional 653 shares in the last quarter. American Institute for Advanced Investment Management LLP increased its holdings in First Trust Preferred Securities and Income ETF by 3.5% during the second quarter. American Institute for Advanced Investment Management LLP now owns 25,425 shares of the company’s stock worth $453,000 after buying an additional 850 shares during the last quarter. Finally, Cozad Asset Management Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 8.0% during the second quarter. Cozad Asset Management Inc. now owns 11,820 shares of the company’s stock worth $210,000 after buying an additional 874 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.2%

Shares of FPE stock opened at $18.36 on Wednesday. The company has a fifty day moving average price of $18.28 and a two-hundred day moving average price of $18.24. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.51.

First Trust Preferred Securities and Income ETF Cuts Dividend

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

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.