First Trust Preferred Securities and Income ETF $FPE Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 36.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 242,303 shares of the company’s stock after selling 137,978 shares during the period. Sigma Planning Corp owned 0.07% of First Trust Preferred Securities and Income ETF worth $4,420,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 85.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after acquiring an additional 893 shares during the period. Rossby Financial LCC increased its position in First Trust Preferred Securities and Income ETF by 469.7% during the third quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock worth $43,000 after purchasing an additional 1,935 shares during the last quarter. Quaker Wealth Management LLC raised its stake in First Trust Preferred Securities and Income ETF by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock worth $55,000 after purchasing an additional 6,228 shares during the period. Private Wealth Asset Management LLC raised its stake in First Trust Preferred Securities and Income ETF by 595.9% during the third quarter. Private Wealth Asset Management LLC now owns 5,233 shares of the company’s stock worth $95,000 after purchasing an additional 4,481 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 104.6% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 5,575 shares of the company’s stock valued at $102,000 after purchasing an additional 2,850 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $18.39 on Monday. The firm has a fifty day moving average of $18.30 and a 200-day moving average of $18.27. 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 Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.0926 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. This is a boost from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, February 20th.

First Trust Preferred Securities and Income ETF Company 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.