First Trust Preferred Securities and Income ETF $FPE Shares Bought by Affinity Wealth Management LLC

Affinity Wealth Management LLC increased its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,469,548 shares of the company’s stock after acquiring an additional 44,343 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 3.8% of Affinity Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Affinity Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $26,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Co. of Vermont boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 85.1% during the third quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after acquiring 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% during the third quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock worth $43,000 after purchasing an additional 1,935 shares during the period. Ameriflex Group Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 339.3% during the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock worth $43,000 after purchasing an additional 1,832 shares during the last quarter. Triumph Capital Management acquired a new stake 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% in the 3rd quarter. Private Wealth Asset Management LLC now owns 5,233 shares of the company’s stock valued at $95,000 after purchasing an additional 4,481 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $17.75 on Wednesday. The business has a fifty day simple moving average of $18.18 and a 200 day simple moving average of $18.26. 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 Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a $0.0926 dividend. The ex-dividend date of this dividend was Friday, February 20th. This is a boost 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%.

About First Trust Preferred Securities and Income ETF

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.