Ritter Daniher Financial Advisory LLC DE Makes New Investment in First Trust Preferred Securities and Income ETF $FPE

Ritter Daniher Financial Advisory LLC DE purchased a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 124,451 shares of the company’s stock, valued at approximately $2,270,000.

Several other hedge funds also recently made changes to their positions in the company. Visionary Wealth Advisors grew its holdings in shares of First Trust Preferred Securities and Income ETF by 0.9% during the second quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock valued at $1,233,000 after purchasing an additional 634 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its position in First Trust Preferred Securities and Income ETF by 1.0% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 62,151 shares of the company’s stock valued at $1,106,000 after buying an additional 636 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in First Trust Preferred Securities and Income ETF by 0.8% during the third quarter. Dynamic Advisor Solutions LLC now owns 86,611 shares of the company’s stock worth $1,580,000 after purchasing an additional 653 shares in the last quarter. Blue Zone Wealth Advisors LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 7.2% in the second quarter. Blue Zone Wealth Advisors LLC now owns 10,842 shares of the company’s stock valued at $193,000 after buying an additional 732 shares during the period. Finally, American Institute for Advanced Investment Management LLP lifted its holdings in First Trust Preferred Securities and Income ETF by 3.5% in the 2nd quarter. American Institute for Advanced Investment Management LLP now owns 25,425 shares of the company’s stock valued at $453,000 after acquiring an additional 850 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.1%

Shares of NYSEARCA FPE opened at $18.32 on Friday. The business has a fifty day simple moving average of $18.26 and a 200-day simple moving average of $18.21. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.51.

First Trust Preferred Securities and Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be issued a dividend of $0.0683 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, January 21st.

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.