D.A. Davidson & CO. Sells 53,418 Shares of First Trust Preferred Securities and Income ETF $FPE

D.A. Davidson & CO. reduced its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 27.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 142,893 shares of the company’s stock after selling 53,418 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Falcon Wealth Planning lifted its position in First Trust Preferred Securities and Income ETF by 6.4% during the 3rd quarter. Falcon Wealth Planning now owns 1,275,937 shares of the company’s stock worth $23,273,000 after acquiring an additional 77,011 shares during the last quarter. Asset Allocation Strategies LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter worth about $3,232,000. B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth about $652,000. Parallel Advisors LLC lifted its position in shares of 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 purchasing an additional 8,458 shares during the last quarter. Finally, Aspect Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter valued at approximately $183,000.

First Trust Preferred Securities and Income ETF Stock Up 0.1%

FPE opened at $18.29 on Friday. The stock’s 50 day moving average price is $18.26 and its two-hundred day moving average price is $18.16. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.51.

First Trust Preferred Securities and Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were given a dividend of $0.0732 per share. 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 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.