Arkadios Wealth Advisors Acquires 4,161 Shares of First Trust Preferred Securities and Income ETF $FPE

Arkadios Wealth Advisors increased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 23.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,079 shares of the company’s stock after purchasing an additional 4,161 shares during the period. Arkadios Wealth Advisors’ holdings in First Trust Preferred Securities and Income ETF were worth $393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FPE. Thurston Springer Miller Herd & Titak Inc. lifted its position in First Trust Preferred Securities and Income ETF by 12.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock valued at $110,000 after acquiring an additional 695 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its position in First Trust Preferred Securities and Income ETF by 7.2% during the second quarter. Blue Zone Wealth Advisors LLC now owns 10,842 shares of the company’s stock valued at $193,000 after acquiring an additional 732 shares during the last quarter. Brown Advisory Inc. lifted its position in First Trust Preferred Securities and Income ETF by 1.3% during the first quarter. Brown Advisory Inc. now owns 57,241 shares of the company’s stock valued at $1,007,000 after acquiring an additional 740 shares during the last quarter. Realta Investment Advisors lifted its position in First Trust Preferred Securities and Income ETF by 5.0% during the first quarter. Realta Investment Advisors now owns 18,258 shares of the company’s stock valued at $321,000 after acquiring an additional 864 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in First Trust Preferred Securities and Income ETF by 0.5% during the second quarter. D.A. Davidson & CO. now owns 196,311 shares of the company’s stock valued at $3,494,000 after acquiring an additional 1,053 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $18.33 on Wednesday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51. The firm has a 50 day moving average of $18.30 and a 200 day moving average of $17.91.

First Trust Preferred Securities and Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.0732 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a c) dividend on an annualized basis and a 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.