First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sets New 52-Week High After Dividend Announcement

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)’s stock price reached a new 52-week high on Tuesday following a dividend announcement from the company. The stock traded as high as $18.51 and last traded at $18.51, with a volume of 1746581 shares trading hands. The stock had previously closed at $18.44.

The newly announced dividend which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.0732 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, November 3rd.

First Trust Preferred Securities and Income ETF Trading Down 0.2%

The firm has a 50-day moving average of $18.24 and a two-hundred day moving average of $17.82.

Institutional Trading of First Trust Preferred Securities and Income ETF

A number of hedge funds have recently made changes to their positions in the stock. Visionary Wealth Advisors raised its holdings in First Trust Preferred Securities and Income ETF by 0.9% during the second quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock valued at $1,233,000 after buying an additional 634 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 1.0% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 62,151 shares of the company’s stock worth $1,106,000 after buying an additional 636 shares during the period. Dynamic Advisor Solutions LLC grew its stake in First Trust Preferred Securities and Income ETF by 0.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 86,611 shares of the company’s stock valued at $1,580,000 after buying an additional 653 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 12.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock worth $110,000 after acquiring an additional 695 shares during the period. Finally, Blue Zone Wealth Advisors LLC raised its holdings in First Trust Preferred Securities and Income ETF by 7.2% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 10,842 shares of the company’s stock worth $193,000 after acquiring an additional 732 shares during the period.

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.