Barings LLC Trims Position in First Trust Preferred Securities and Income ETF $FPE

Barings LLC trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 53.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,381 shares of the company’s stock after selling 320,766 shares during the period. Barings LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $5,023,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FPE. Bank of America Corp DE increased its stake in First Trust Preferred Securities and Income ETF by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 7,226,544 shares of the company’s stock worth $128,632,000 after buying an additional 83,365 shares in the last quarter. Gallagher Fiduciary Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 1,719.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 3,675,202 shares of the company’s stock worth $65,419,000 after acquiring an additional 3,473,262 shares during the period. Ameriprise Financial Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 3,499,674 shares of the company’s stock worth $62,299,000 after purchasing an additional 35,076 shares in the last quarter. HighTower Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 12.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,261,881 shares of the company’s stock valued at $59,497,000 after purchasing an additional 365,898 shares during the period. Finally, Advisory Alpha LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 4.6% in the 2nd quarter. Advisory Alpha LLC now owns 2,092,069 shares of the company’s stock worth $37,239,000 after purchasing an additional 91,884 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $18.39 on Friday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.77 and a 1-year high of $18.51. The business has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $18.26.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.0926 per share. This is a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, February 20th.

First Trust Preferred Securities and Income ETF 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.