Prospera Financial Services Inc Reduces Stock Position in First Trust Preferred Securities and Income ETF $FPE

Prospera Financial Services Inc cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,536,026 shares of the company’s stock after selling 317,362 shares during the quarter. Prospera Financial Services Inc’s holdings in First Trust Preferred Securities and Income ETF were worth $27,344,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new position in First Trust Preferred Securities and Income ETF during the 1st quarter valued at about $25,303,000. Advisory Alpha LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 204.1% in the first quarter. Advisory Alpha LLC now owns 2,000,185 shares of the company’s stock worth $35,183,000 after buying an additional 1,342,527 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 10.2% in the first quarter. LPL Financial LLC now owns 14,362,757 shares of the company’s stock valued at $252,641,000 after acquiring an additional 1,334,701 shares during the period. Ameriprise Financial Inc. grew its stake in First Trust Preferred Securities and Income ETF by 41.5% during the first quarter. Ameriprise Financial Inc. now owns 3,464,598 shares of the company’s stock valued at $60,938,000 after acquiring an additional 1,016,528 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in First Trust Preferred Securities and Income ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 17,296,239 shares of the company’s stock valued at $304,241,000 after acquiring an additional 495,358 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $18.31 on Friday. The business’s fifty day moving average is $18.31 and its 200 day moving average is $17.93. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51.

First Trust Preferred Securities and Income ETF Announces Dividend

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

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.