Tcfg Wealth Management LLC Invests $611,000 in First Trust Preferred Securities and Income ETF $FPE

Tcfg Wealth Management LLC purchased 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 13F filing with the SEC. The fund purchased 33,471 shares of the company’s stock, valued at approximately $611,000.

A number of other large investors also recently bought and sold shares of FPE. Jane Street Group LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 53.0% in the first quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock valued at $4,626,000 after buying an additional 91,118 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $313,000. Kingsview Wealth Management LLC grew its stake in First Trust Preferred Securities and Income ETF by 24.2% in the 2nd quarter. Kingsview Wealth Management LLC now owns 177,189 shares of the company’s stock valued at $3,154,000 after acquiring an additional 34,537 shares during the period. NFP Retirement Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 0.6% in the 2nd quarter. NFP Retirement Inc. now owns 786,367 shares of the company’s stock worth $13,997,000 after acquiring an additional 4,450 shares in the last quarter. Finally, MAI Capital Management raised its position in First Trust Preferred Securities and Income ETF by 3.7% during the second quarter. MAI Capital Management now owns 1,644,525 shares of the company’s stock worth $29,273,000 after acquiring an additional 58,842 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.5%

FPE opened at $17.98 on Thursday. The firm’s fifty day simple moving average is $18.28 and its two-hundred day simple moving average is $18.28. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a $0.0926 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 6.2%. This is a boost from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07.

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.