Curran Financial Partners LLC Purchases 154,050 Shares of First Trust Preferred Securities and Income ETF $FPE

Curran Financial Partners LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 48.0% during the third quarter, Holdings Channel reports. The fund owned 475,192 shares of the company’s stock after purchasing an additional 154,050 shares during the period. First Trust Preferred Securities and Income ETF makes up about 1.7% of Curran Financial Partners LLC’s portfolio, making the stock its 17th biggest position. Curran Financial Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $8,668,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Falcon Wealth Planning raised its holdings in shares of First Trust Preferred Securities and Income ETF by 6.4% in the third quarter. Falcon Wealth Planning now owns 1,275,937 shares of the company’s stock valued at $23,273,000 after buying an additional 77,011 shares during the last quarter. Asset Allocation Strategies LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter worth about $3,232,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter worth approximately $652,000. Parallel Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 9.7% during the second quarter. Parallel Advisors LLC now owns 96,072 shares of the company’s stock worth $1,710,000 after purchasing an additional 8,458 shares in the last quarter. Finally, Aspect Partners LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at approximately $183,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.25 on Friday. The firm has a 50 day simple moving average of $18.30 and a 200 day simple moving average of $18.12. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.51.

First Trust Preferred Securities and Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a dividend of $0.0732 per share. The ex-dividend date was Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend 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. FPE was launched on Feb 12, 2013 and is managed by First Trust.