Steinberganna Wealth Management Invests $1.28 Million in First Trust Preferred Securities and Income ETF $FPE

Steinberganna Wealth Management acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 70,133 shares of the company’s stock, valued at approximately $1,279,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Trust Co. of Vermont lifted its stake in First Trust Preferred Securities and Income ETF by 85.1% in the third quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock valued at $35,000 after acquiring an additional 893 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 78.7% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,725 shares of the company’s stock valued at $50,000 after purchasing an additional 1,200 shares during the period. Quaker Wealth Management LLC lifted its stake 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 purchasing an additional 6,228 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at about $58,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in 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 during the period.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $18.29 on Friday. The stock’s 50 day moving average price is $18.26 and its two-hundred day moving average price is $18.16. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.51.

First Trust Preferred Securities and Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were paid a $0.0732 dividend. This represents a c) dividend on an annualized basis 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.