Capital Square LLC Buys New Position in First Trust Preferred Securities and Income ETF $FPE

Capital Square LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,817 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in shares of First Trust Preferred Securities and Income ETF by 3.6% during the first quarter. IFP Advisors Inc now owns 170,298 shares of the company’s stock worth $2,996,000 after purchasing an additional 5,848 shares in the last quarter. Gallacher Capital Management LLC increased its stake in First Trust Preferred Securities and Income ETF by 30.3% during the 1st quarter. Gallacher Capital Management LLC now owns 99,374 shares of the company’s stock worth $1,748,000 after buying an additional 23,117 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in First Trust Preferred Securities and Income ETF in the 1st quarter worth $28,000. IMA Advisory Services Inc. boosted its position in First Trust Preferred Securities and Income ETF by 60.6% in the 1st quarter. IMA Advisory Services Inc. now owns 321,392 shares of the company’s stock valued at $5,653,000 after buying an additional 121,263 shares during the last quarter. Finally, Price Capital Management Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the first quarter valued at about $1,320,000.

First Trust Preferred Securities and Income ETF Stock Down 0.3%

Shares of NYSEARCA FPE opened at $18.25 on Tuesday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.51. The stock’s 50-day simple moving average is $18.34 and its 200-day simple moving average is $17.98.

First Trust Preferred Securities and Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.0732 per share. The ex-dividend date was Monday, November 3rd. This represents a c) annualized dividend and a yield of 4.8%.

First Trust Preferred Securities and Income ETF Company 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.