Stratos Wealth Partners LTD. Raises Stake in First Trust Preferred Securities and Income ETF $FPE

Stratos Wealth Partners LTD. grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 364,697 shares of the company’s stock after buying an additional 35,882 shares during the period. Stratos Wealth Partners LTD. owned 0.11% of First Trust Preferred Securities and Income ETF worth $6,652,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Trust Co. of Vermont grew its holdings in shares of First Trust Preferred Securities and Income ETF by 85.1% during the third quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after buying an additional 893 shares during the last quarter. Quaker Wealth Management LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock valued at $55,000 after purchasing an additional 6,228 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at approximately $58,000. Private Wealth Asset Management LLC raised its stake in shares of 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 last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 104.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 5,575 shares of the company’s stock worth $102,000 after purchasing an additional 2,850 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $18.34 on Friday. The company’s fifty day moving average is $18.28 and its two-hundred day moving average is $18.24. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.51.

First Trust Preferred Securities and Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.0683 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 4.5%.

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.