Tradewinds LLC. Invests $237,000 in First Trust Preferred Securities and Income ETF $FPE

Tradewinds LLC. acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,298 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF during the first quarter worth $79,000. DAVENPORT & Co LLC lifted its stake in First Trust Preferred Securities and Income ETF by 9.7% during the 1st quarter. DAVENPORT & Co LLC now owns 62,085 shares of the company’s stock worth $1,092,000 after acquiring an additional 5,511 shares in the last quarter. Private Trust Co. NA boosted its holdings in First Trust Preferred Securities and Income ETF by 6.1% during the 1st quarter. Private Trust Co. NA now owns 82,980 shares of the company’s stock valued at $1,460,000 after acquiring an additional 4,799 shares during the period. Glassy Mountain Advisors Inc. boosted its holdings in First Trust Preferred Securities and Income ETF by 11.3% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 477,080 shares of the company’s stock valued at $8,392,000 after acquiring an additional 48,454 shares during the period. Finally, Strategic Financial Concepts LLC grew its position in First Trust Preferred Securities and Income ETF by 1.1% in the 1st quarter. Strategic Financial Concepts LLC now owns 96,200 shares of the company’s stock valued at $1,692,000 after acquiring an additional 1,076 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $18.40 on Friday. The company’s 50-day simple moving average is $18.28 and its 200-day simple moving average is $17.88. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.0732 per share. The ex-dividend date is Monday, November 3rd. 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.