First Trust Preferred Securities and Income ETF $FPE Shares Sold by Howard Financial Services LTD.

Howard Financial Services LTD. cut its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 367,399 shares of the company’s stock after selling 29,927 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 0.8% of Howard Financial Services LTD.’s holdings, making the stock its 27th biggest position. Howard Financial Services LTD.’s holdings in First Trust Preferred Securities and Income ETF were worth $6,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of FPE. Spire Wealth Management boosted its position in shares of First Trust Preferred Securities and Income ETF by 5.3% in the 3rd quarter. Spire Wealth Management now owns 21,361 shares of the company’s stock valued at $390,000 after purchasing an additional 1,068 shares during the period. Strategic Blueprint LLC raised its holdings in First Trust Preferred Securities and Income ETF by 2.9% during the 3rd quarter. Strategic Blueprint LLC now owns 99,184 shares of the company’s stock worth $1,809,000 after buying an additional 2,750 shares during the period. Park Avenue Securities LLC raised its holdings in First Trust Preferred Securities and Income ETF by 5.4% during the 3rd quarter. Park Avenue Securities LLC now owns 278,376 shares of the company’s stock worth $5,078,000 after buying an additional 14,270 shares during the period. APS Management Group Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter worth about $2,125,000. Finally, Twelve Points Wealth Management LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 6.8% in the third quarter. Twelve Points Wealth Management LLC now owns 520,584 shares of the company’s stock worth $9,495,000 after buying an additional 32,973 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $18.27 on Thursday. 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 firm’s 50 day simple moving average is $18.26 and its 200-day simple moving average is $18.16.

First Trust Preferred Securities and Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were given a dividend of $0.0732 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, November 21st.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.