HighTower Advisors LLC Acquires 365,898 Shares of First Trust Preferred Securities and Income ETF $FPE

HighTower Advisors LLC grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,261,881 shares of the company’s stock after purchasing an additional 365,898 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $59,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in FPE. Gallagher Fiduciary Advisors LLC increased its holdings in 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 worth $65,419,000 after purchasing an additional 3,473,262 shares in the last quarter. Jane Street Group LLC boosted its holdings 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 worth $24,971,000 after buying an additional 1,139,866 shares in the last quarter. State of Tennessee Department of Treasury grew its position in shares of First Trust Preferred Securities and Income ETF by 58.0% during the 2nd quarter. State of Tennessee Department of Treasury now owns 1,832,300 shares of the company’s stock worth $32,615,000 after buying an additional 672,400 shares during the period. Atria Investments Inc acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $8,068,000. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 44.2% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,171,723 shares of the company’s stock valued at $21,372,000 after acquiring an additional 358,876 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.2%

First Trust Preferred Securities and Income ETF stock opened at $18.38 on Tuesday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.51. The firm’s fifty day moving average is $18.28 and its 200 day moving average is $18.26.

First Trust Preferred Securities and Income ETF Cuts Dividend

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

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.