Csenge Advisory Group Cuts Stake in First Trust Preferred Securities and Income ETF $FPE

Csenge Advisory Group lowered its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 667,905 shares of the company’s stock after selling 4,582 shares during the period. First Trust Preferred Securities and Income ETF comprises approximately 0.6% of Csenge Advisory Group’s portfolio, making the stock its 24th biggest holding. Csenge Advisory Group’s holdings in First Trust Preferred Securities and Income ETF were worth $11,715,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FPE. Hazlett Burt & Watson Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the first quarter worth about $28,000. Quaker Wealth Management LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock worth $55,000 after purchasing an additional 6,228 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter worth about $58,000. Capital Analysts LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 13,641.0% during the first quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock worth $94,000 after purchasing an additional 5,320 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of 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 worth $110,000 after purchasing an additional 695 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA FPE opened at $18.33 on Wednesday. The business has a 50 day simple moving average of $18.30 and a two-hundred day simple moving average of $17.91. 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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.0732 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, November 3rd.

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.