Twelve Points Wealth Management LLC Purchases 32,973 Shares of First Trust Preferred Securities and Income ETF $FPE

Twelve Points Wealth Management LLC boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 520,584 shares of the company’s stock after acquiring an additional 32,973 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 2.4% of Twelve Points Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Twelve Points Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $9,495,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FPE. Visionary Wealth Advisors raised its holdings in shares of First Trust Preferred Securities and Income ETF by 0.9% in 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 in the last quarter. Jaffetilchin Investment Partners LLC grew its position in First Trust Preferred Securities and Income ETF by 1.0% in the second quarter. Jaffetilchin Investment Partners LLC now owns 62,151 shares of the company’s stock worth $1,106,000 after buying an additional 636 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in 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 worth $1,580,000 after buying an additional 653 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 12.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock valued at $110,000 after buying an additional 695 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 7.2% during the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 10,842 shares of the company’s stock valued at $193,000 after acquiring an additional 732 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $18.28 on Tuesday. The stock’s fifty day simple moving average is $18.27 and its 200 day simple moving average is $18.16. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51.

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. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, November 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.