Sequoia Financial Advisors LLC Has $350,000 Stock Position in First Trust Preferred Securities and Income ETF $FPE

Sequoia Financial Advisors LLC reduced its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,649 shares of the company’s stock after selling 898 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Advisory Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1.3% in the first quarter. Brown Advisory Inc. now owns 57,241 shares of the company’s stock worth $1,007,000 after acquiring an additional 740 shares during the last quarter. Bessemer Group Inc. bought a new position in First Trust Preferred Securities and Income ETF in the 1st quarter valued at approximately $79,000. Spire Wealth Management lifted its stake in First Trust Preferred Securities and Income ETF by 9.5% in the 1st quarter. Spire Wealth Management now owns 12,534 shares of the company’s stock valued at $220,000 after purchasing an additional 1,084 shares during the last quarter. Parallel Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 9.7% in the second quarter. Parallel Advisors LLC now owns 96,072 shares of the company’s stock valued at $1,710,000 after buying an additional 8,458 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 4.9% during the first quarter. Geneos Wealth Management Inc. now owns 36,118 shares of the company’s stock worth $635,000 after buying an additional 1,684 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.5%

Shares of NYSEARCA:FPE opened at $18.42 on Wednesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51. The company has a fifty day moving average of $18.23 and a 200-day moving average of $17.81.

First Trust Preferred Securities and Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a $0.0732 dividend. The ex-dividend date is Monday, November 3rd. This represents a c) annualized dividend 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.