ROI Financial Advisors LLC Has $1.46 Million Stock Position in First Trust Preferred Securities and Income ETF $FPE

ROI Financial Advisors LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 35.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,120 shares of the company’s stock after buying an additional 21,340 shares during the period. First Trust Preferred Securities and Income ETF comprises 0.9% of ROI Financial Advisors LLC’s holdings, making the stock its 26th largest position. ROI Financial Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,462,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF in the first quarter worth about $28,000. Quaker Wealth Management LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock valued at $55,000 after purchasing an additional 6,228 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter valued at approximately $58,000. Capital Analysts LLC grew 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. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in First Trust Preferred Securities and Income ETF by 12.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock worth $110,000 after purchasing an additional 695 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $18.34 on Thursday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51. The company’s 50 day moving average price is $18.30 and its two-hundred day moving average price is $17.92.

First Trust Preferred Securities and Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a $0.0732 dividend. 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 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.