Glassy Mountain Advisors Inc. Has $7.96 Million Stock Holdings in First Trust Preferred Securities and Income ETF $FPE

Glassy Mountain Advisors Inc. decreased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436,254 shares of the company’s stock after selling 49,441 shares during the quarter. First Trust Preferred Securities and Income ETF comprises approximately 2.4% of Glassy Mountain Advisors Inc.’s holdings, making the stock its 16th largest position. Glassy Mountain Advisors Inc. owned about 0.13% of First Trust Preferred Securities and Income ETF worth $7,957,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Visionary Wealth Advisors raised its holdings in shares of First Trust Preferred Securities and Income ETF by 0.9% during the second quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock worth $1,233,000 after acquiring an additional 634 shares during the period. Jaffetilchin Investment Partners LLC increased its holdings in First Trust Preferred Securities and Income ETF by 1.0% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 62,151 shares of the company’s stock worth $1,106,000 after purchasing an additional 636 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 0.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 86,611 shares of the company’s stock valued at $1,580,000 after purchasing an additional 653 shares during the period. American Institute for Advanced Investment Management LLP raised its stake in shares of First Trust Preferred Securities and Income ETF by 3.5% in the 2nd quarter. American Institute for Advanced Investment Management LLP now owns 25,425 shares of the company’s stock valued at $453,000 after purchasing an additional 850 shares during the period. Finally, Cozad Asset Management Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 8.0% in the second quarter. Cozad Asset Management Inc. now owns 11,820 shares of the company’s stock valued at $210,000 after purchasing an additional 874 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.2%

FPE stock opened at $18.36 on Wednesday. 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. The business has a 50-day moving average of $18.28 and a 200-day moving average of $18.24.

First Trust Preferred Securities and Income ETF Cuts Dividend

The company also recently declared 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 of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

First Trust Preferred Securities and Income ETF Company 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.