Stephens Inc. AR Has $6.16 Million Stock Position in First Trust Preferred Securities and Income ETF $FPE

Stephens Inc. AR decreased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 346,068 shares of the company’s stock after selling 1,595 shares during the quarter. Stephens Inc. AR owned 0.10% of First Trust Preferred Securities and Income ETF worth $6,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FPE. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at $28,000. Bessemer Group Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at $79,000. Capital Analysts LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 13,641.0% in the 1st quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock valued at $94,000 after purchasing an additional 5,320 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 valued at $110,000 after purchasing an additional 695 shares during the period. Finally, PFG Investments LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter worth about $190,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $18.42 on Wednesday. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.51. The business has a 50-day moving average price of $18.23 and a two-hundred day moving average price of $17.81.

First Trust Preferred Securities and Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given 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%.

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.