ROI Financial Advisors LLC Grows Stock Position in First Trust Preferred Securities and Income ETF $FPE

ROI Financial Advisors LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 41.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,186 shares of the company’s stock after acquiring an additional 34,066 shares during the period. First Trust Preferred Securities and Income ETF accounts for 1.3% of ROI Financial Advisors LLC’s holdings, making the stock its 22nd largest position. ROI Financial Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,119,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in First Trust Preferred Securities and Income ETF by 53.0% during the 1st quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock worth $4,626,000 after purchasing an additional 91,118 shares during the last quarter. Darden Wealth Group Inc lifted its stake in shares of First Trust Preferred Securities and Income ETF by 4.2% in the second quarter. Darden Wealth Group Inc now owns 149,748 shares of the company’s stock worth $2,666,000 after buying an additional 6,063 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in First Trust Preferred Securities and Income ETF by 3.7% during the second quarter. Ashton Thomas Private Wealth LLC now owns 593,760 shares of the company’s stock worth $10,569,000 after acquiring an additional 21,067 shares during the last quarter. Advisory Alpha LLC grew its stake in First Trust Preferred Securities and Income ETF by 4.6% during the 2nd quarter. Advisory Alpha LLC now owns 2,092,069 shares of the company’s stock valued at $37,239,000 after acquiring an additional 91,884 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its holdings in 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 acquiring an additional 6,228 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.39 on Monday. The stock’s 50 day simple moving average is $18.30 and its 200-day simple moving average is $18.27. 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 Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, February 20th. 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 yield of 6.0%.

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.