186,551 Shares in First Trust Preferred Securities and Income ETF $FPE Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 186,551 shares of the company’s stock, valued at approximately $3,403,000.

Several other large investors also recently modified their holdings of the stock. Falcon Wealth Planning boosted its stake in First Trust Preferred Securities and Income ETF by 6.4% in the 3rd quarter. Falcon Wealth Planning now owns 1,275,937 shares of the company’s stock valued at $23,273,000 after buying an additional 77,011 shares in the last quarter. Asset Allocation Strategies LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the third quarter valued at $3,232,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $652,000. Aspect Partners LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter worth about $183,000. Finally, AE Wealth Management LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 5.5% during the 2nd quarter. AE Wealth Management LLC now owns 158,557 shares of the company’s stock worth $2,822,000 after purchasing an additional 8,204 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $18.36 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 has a 50-day moving average price of $18.30 and a 200 day moving average price of $18.27.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a $0.0926 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. This is an increase from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. The ex-dividend date 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.