Matrix Trust Co Sells 65,309 Shares of First Trust Preferred Securities and Income ETF $FPE

Matrix Trust Co decreased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 77.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,690 shares of the company’s stock after selling 65,309 shares during the quarter. Matrix Trust Co’s holdings in First Trust Preferred Securities and Income ETF were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FPE. Trust Co. of Vermont grew its position in shares of First Trust Preferred Securities and Income ETF by 85.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after buying an additional 893 shares during the period. Rossby Financial LCC increased its stake in shares of First Trust Preferred Securities and Income ETF by 469.7% in the 3rd quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after acquiring an additional 1,935 shares during the last quarter. Ameriflex Group Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 339.3% in the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after acquiring an additional 1,832 shares during the period. Triumph Capital Management bought a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $61,000. Finally, Private Wealth Asset Management LLC boosted its stake in First Trust Preferred Securities and Income ETF by 595.9% during the 3rd quarter. Private Wealth Asset Management LLC now owns 5,233 shares of the company’s stock worth $95,000 after acquiring an additional 4,481 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.70 on Friday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51. The firm has a 50 day moving average price of $18.23 and a 200 day moving average price of $18.27.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.0926 per share. This is a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, February 20th.

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.