Chicago Partners Investment Group LLC Buys 39,797 Shares of First Trust Preferred Securities and Income ETF $FPE

Chicago Partners Investment Group LLC grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 462,025 shares of the company’s stock after purchasing an additional 39,797 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $8,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FPE. Visionary Wealth Advisors boosted its stake in shares of First Trust Preferred Securities and Income ETF by 0.9% during the 2nd quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock valued at $1,233,000 after purchasing an additional 634 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its stake in First Trust Preferred Securities and Income ETF by 1.0% in the second quarter. Jaffetilchin Investment Partners LLC now owns 62,151 shares of the company’s stock worth $1,106,000 after buying an additional 636 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 0.8% in the third quarter. Dynamic Advisor Solutions LLC now owns 86,611 shares of the company’s stock worth $1,580,000 after buying an additional 653 shares during the period. Blue Zone Wealth Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 7.2% during the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 10,842 shares of the company’s stock valued at $193,000 after acquiring an additional 732 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP boosted its position in First Trust Preferred Securities and Income ETF by 3.5% during the 2nd quarter. American Institute for Advanced Investment Management LLP now owns 25,425 shares of the company’s stock valued at $453,000 after acquiring an additional 850 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE opened at $18.29 on Wednesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51. The stock has a 50 day moving average price of $18.26 and a 200-day moving average price of $18.19.

First Trust Preferred Securities and Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be paid a $0.0683 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 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. FPE was launched on Feb 12, 2013 and is managed by First Trust.