Advisory Alpha LLC Grows Holdings in First Trust Preferred Securities and Income ETF $FPE

Advisory Alpha LLC grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.4% in the third quarter, HoldingsChannel reports. The fund owned 2,183,198 shares of the company’s stock after acquiring an additional 91,129 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 1.1% of Advisory Alpha LLC’s portfolio, making the stock its 21st largest position. Advisory Alpha LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $39,953,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of FPE. Falcon Wealth Planning raised its stake in First Trust Preferred Securities and Income ETF by 6.4% in the 3rd quarter. Falcon Wealth Planning now owns 1,275,937 shares of the company’s stock valued at $23,273,000 after purchasing an additional 77,011 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 7.5% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock worth $11,466,000 after purchasing an additional 44,103 shares during the last quarter. Asset Allocation Strategies LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 3rd quarter worth $3,232,000. Citigroup Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 17.2% during the third quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock worth $17,969,000 after buying an additional 144,720 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at about $652,000.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $18.27 on Thursday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.51. The company’s 50-day moving average price is $18.32 and its 200-day moving average price is $18.28.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.0926 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 6.1%. This is an increase 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.