Focus Partners Advisor Solutions LLC Has $957,000 Stock Holdings in First Trust Preferred Securities and Income ETF $FPE

Focus Partners Advisor Solutions LLC lowered its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,772 shares of the company’s stock after selling 4,713 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FPE. Spire Wealth Management boosted its stake in First Trust Preferred Securities and Income ETF by 9.5% during the first quarter. Spire Wealth Management now owns 12,534 shares of the company’s stock worth $220,000 after buying an additional 1,084 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF in the first quarter valued at about $79,000. Perigon Wealth Management LLC raised its holdings in First Trust Preferred Securities and Income ETF by 7.4% during the 1st quarter. Perigon Wealth Management LLC now owns 13,273 shares of the company’s stock worth $233,000 after purchasing an additional 909 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in First Trust Preferred Securities and Income ETF by 9.7% during the 1st quarter. DAVENPORT & Co LLC now owns 62,085 shares of the company’s stock worth $1,092,000 after purchasing an additional 5,511 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in First Trust Preferred Securities and Income ETF by 6.1% during the 1st quarter. Private Trust Co. NA now owns 82,980 shares of the company’s stock worth $1,460,000 after purchasing an additional 4,799 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.3%

Shares of FPE stock opened at $18.45 on Tuesday. The stock has a 50-day moving average of $18.26 and a 200-day moving average of $17.86. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.51.

First Trust Preferred Securities and Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.0732 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

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.