Price Capital Management Inc. Invests $7.35 Million in First Trust Preferred Securities and Income ETF $FPE

Price Capital Management Inc. purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 402,920 shares of the company’s stock, valued at approximately $7,350,000. First Trust Preferred Securities and Income ETF comprises approximately 8.6% of Price Capital Management Inc.’s holdings, making the stock its 4th biggest position.

A number of other large investors also recently bought and sold shares of FPE. Trust Co. of Vermont grew its holdings in First Trust Preferred Securities and Income ETF by 85.1% in the third quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after purchasing an additional 893 shares during the period. Rossby Financial LCC lifted its holdings 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 valued at $43,000 after purchasing an additional 1,935 shares during the last quarter. Quaker Wealth Management LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock worth $55,000 after purchasing an additional 6,228 shares in the last quarter. Private Wealth Asset Management LLC boosted its position in shares of 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 worth $95,000 after purchasing an additional 4,481 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 104.6% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 5,575 shares of the company’s stock worth $102,000 after buying an additional 2,850 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.4%

FPE stock opened at $18.39 on Monday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.51. The business has a 50 day moving average of $18.30 and a 200 day moving average of $18.27.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.0926 per share. The ex-dividend date is 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) annualized dividend and a dividend yield of 6.0%.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.