First Trust Preferred Securities and Income ETF $FPE Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815,859 shares of the company’s stock after selling 28,475 shares during the period. JPMorgan Chase & Co.’s holdings in First Trust Preferred Securities and Income ETF were worth $14,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FPE. Triumph Capital Management bought a new position in First Trust Preferred Securities and Income ETF during the third quarter valued at about $61,000. IFP Advisors Inc raised its holdings in shares of First Trust Preferred Securities and Income ETF by 21.3% in the 3rd quarter. IFP Advisors Inc now owns 106,942 shares of the company’s stock worth $1,951,000 after purchasing an additional 18,797 shares in the last quarter. Tcfg Wealth Management LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter worth approximately $611,000. Centaurus Financial Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 7.3% during the third quarter. Centaurus Financial Inc. now owns 11,840 shares of the company’s stock valued at $216,000 after purchasing an additional 810 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in First Trust Preferred Securities and Income ETF by 233.1% during the third quarter. Sunbelt Securities Inc. now owns 5,905 shares of the company’s stock worth $108,000 after buying an additional 4,132 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $17.70 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.51. The firm’s 50 day moving average price is $18.23 and its two-hundred day moving average price is $18.27.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.0926 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 6.3%. This is a boost from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07.

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