Kingsview Wealth Management LLC Has $4.09 Million Stake in First Trust Preferred Securities and Income ETF $FPE

Kingsview Wealth Management LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 26.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,017 shares of the company’s stock after buying an additional 46,828 shares during the period. Kingsview Wealth Management LLC owned about 0.07% of First Trust Preferred Securities and Income ETF worth $4,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Falcon Wealth Planning raised its holdings in shares of First Trust Preferred Securities and Income ETF by 6.4% in the third 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 during the last quarter. Ameritas Investment Partners Inc. increased its position in First Trust Preferred Securities and Income ETF by 7.5% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock valued at $11,466,000 after acquiring an additional 44,103 shares in the last quarter. Asset Allocation Strategies LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the 3rd quarter valued at about $3,232,000. B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth about $652,000. Finally, Citigroup Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 17.2% during the third quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock worth $17,969,000 after purchasing an additional 144,720 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.21 on Wednesday. The firm has a 50 day simple moving average of $18.32 and a 200 day simple moving average of $18.28. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.51.

First Trust Preferred Securities and Income ETF Increases Dividend

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

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.