First Trust Preferred Securities and Income ETF $FPE Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 364,697 shares of the company’s stock after acquiring an additional 35,882 shares during the period. Stratos Wealth Partners LTD.’s holdings in First Trust Preferred Securities and Income ETF were worth $6,652,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in FPE. Gallagher Fiduciary Advisors LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 1,719.9% in the second 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 period. Jane Street Group LLC increased its holdings in First Trust Preferred Securities and Income ETF by 433.4% in the second 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 in the last quarter. State of Tennessee Department of Treasury increased 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 buying an additional 672,400 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at approximately $8,068,000. Finally, Kingswood Wealth Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 44.2% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,171,723 shares of the company’s stock worth $21,372,000 after acquiring an additional 358,876 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $18.34 on Friday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.77 and a 1-year high of $18.51. The stock’s 50 day simple moving average is $18.28 and its 200 day simple moving average is $18.24.

First Trust Preferred Securities and Income ETF Cuts Dividend

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

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.