Park National Corp OH Decreases Stock Holdings in First Trust Preferred Securities and Income ETF $FPE

Park National Corp OH reduced its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,780,421 shares of the company’s stock after selling 385,500 shares during the quarter. Park National Corp OH owned approximately 0.51% of First Trust Preferred Securities and Income ETF worth $32,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Cozad Asset Management Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 4.9% in the third quarter. Cozad Asset Management Inc. now owns 12,405 shares of the company’s stock valued at $226,000 after acquiring an additional 585 shares during the period. Visionary Wealth Advisors raised its stake 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 acquiring an additional 634 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 1.0% during the second quarter. Jaffetilchin Investment Partners LLC now owns 62,151 shares of the company’s stock valued at $1,106,000 after acquiring an additional 636 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.8% during the third quarter. Synovus Financial Corp now owns 82,444 shares of the company’s stock worth $1,504,000 after purchasing an additional 648 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.8% during 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 period.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $18.00 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.51. The business’s 50-day moving average is $18.28 and its 200 day moving average is $18.28.

First Trust Preferred Securities and Income ETF Increases Dividend

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

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.