Ironwood Investment Counsel LLC Acquires 45,924 Shares of First Trust Preferred Securities and Income ETF $FPE

Ironwood Investment Counsel LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 24.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 236,910 shares of the company’s stock after purchasing an additional 45,924 shares during the quarter. Ironwood Investment Counsel LLC owned about 0.07% of First Trust Preferred Securities and Income ETF worth $4,321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1,719.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 3,675,202 shares of the company’s stock worth $65,419,000 after buying an additional 3,473,262 shares in the last quarter. Jane Street Group LLC increased its holdings in First Trust Preferred Securities and Income ETF by 433.4% in the 2nd quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock valued at $24,971,000 after acquiring an additional 1,139,866 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in First Trust Preferred Securities and Income ETF by 58.0% in the 2nd quarter. State of Tennessee Department of Treasury now owns 1,832,300 shares of the company’s stock worth $32,615,000 after purchasing an additional 672,400 shares in the last quarter. Atria Investments Inc bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at about $8,068,000. Finally, Kingswood Wealth Advisors LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 44.2% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,171,723 shares of the company’s stock valued at $21,372,000 after purchasing an additional 358,876 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.3%

Shares of FPE stock opened at $18.33 on Friday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.51. The stock’s 50-day moving average price is $18.27 and its 200-day moving average price is $18.23.

First Trust Preferred Securities and Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were issued a dividend of $0.0683 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was 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.