First Trust Preferred Securities and Income ETF $FPE Shares Bought by Brookstone Capital Management

Brookstone Capital Management lifted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,707 shares of the company’s stock after acquiring an additional 29,184 shares during the quarter. Brookstone Capital Management’s holdings in First Trust Preferred Securities and Income ETF were worth $3,460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Falcon Wealth Planning grew its position in First Trust Preferred Securities and Income ETF by 6.4% in the third quarter. Falcon Wealth Planning now owns 1,275,937 shares of the company’s stock valued at $23,273,000 after acquiring an additional 77,011 shares in the last quarter. Asset Allocation Strategies LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 3rd quarter valued at $3,232,000. B. Riley Wealth Advisors Inc. acquired a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $652,000. Parallel Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 9.7% during the 2nd quarter. Parallel Advisors LLC now owns 96,072 shares of the company’s stock worth $1,710,000 after buying an additional 8,458 shares during the period. Finally, Aspect Partners LLC acquired a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter worth $183,000.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $18.24 on Friday. The firm has a 50-day moving average of $18.29 and a two-hundred day moving average of $18.13. First Trust Preferred Securities and Income ETF has a 1-year low of $16.77 and a 1-year high of $18.51.

First Trust Preferred Securities and Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were issued a $0.0732 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 4.8%.

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.