Wealth Enhancement Advisory Services LLC Has $7.08 Million Stock Position in First Trust Preferred Securities and Income ETF $FPE

Wealth Enhancement Advisory Services LLC cut its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 27.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387,438 shares of the company’s stock after selling 143,229 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $7,082,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Visionary Wealth Advisors grew its holdings in shares of First Trust Preferred Securities and Income ETF by 0.9% during the second quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock valued at $1,233,000 after buying an additional 634 shares during the last quarter. Jaffetilchin Investment Partners LLC increased its holdings in First Trust Preferred Securities and Income ETF by 1.0% during 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. Dynamic Advisor Solutions LLC raised its stake in shares of 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 purchasing an additional 653 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 7.2% in the second quarter. Blue Zone Wealth Advisors LLC now owns 10,842 shares of the company’s stock valued at $193,000 after purchasing an additional 732 shares in the last quarter. Finally, American Institute for Advanced Investment Management LLP lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.5% in the second quarter. American Institute for Advanced Investment Management LLP now owns 25,425 shares of the company’s stock valued at $453,000 after purchasing an additional 850 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1%

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.32 on Friday. The stock has a fifty day simple moving average of $18.26 and a 200 day simple moving average of $18.20. 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 Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be issued a $0.0683 dividend. The ex-dividend date is Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.