Steward Partners Investment Advisory LLC Sells 2,940 Shares of First Trust Preferred Securities and Income ETF $FPE

Steward Partners Investment Advisory LLC decreased its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 926,339 shares of the company’s stock after selling 2,940 shares during the period. Steward Partners Investment Advisory LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $16,489,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FPE. Jaffetilchin Investment Partners LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 1.0% in 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. CreativeOne Wealth LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 11.9% during the second quarter. CreativeOne Wealth LLC now owns 15,555 shares of the company’s stock valued at $277,000 after buying an additional 1,649 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.5% in the second quarter. Ameritas Investment Partners Inc. now owns 584,542 shares of the company’s stock worth $10,405,000 after buying an additional 30,591 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $2,804,000. Finally, Meridian Wealth Advisors LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $179,000.

First Trust Preferred Securities and Income ETF Trading Up 0.2%

Shares of NYSEARCA FPE opened at $18.17 on Tuesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51. The firm’s fifty day moving average is $18.33 and its two-hundred day moving average is $18.01.

First Trust Preferred Securities and Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 21st will be given a $0.0732 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, November 21st.

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.