Matrix Trust Co Has $341,000 Stock Holdings in First Trust Preferred Securities and Income ETF $FPE

Matrix Trust Co trimmed its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 77.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,690 shares of the company’s stock after selling 65,309 shares during the quarter. Matrix Trust Co’s holdings in First Trust Preferred Securities and Income ETF were worth $341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its position in First Trust Preferred Securities and Income ETF by 1.7% in the 3rd quarter. Raymond James Financial Inc. now owns 8,885,934 shares of the company’s stock valued at $162,079,000 after acquiring an additional 144,985 shares in the last quarter. Bank of America Corp DE lifted its position in shares of First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock worth $138,762,000 after purchasing an additional 381,048 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 29.8% during the third quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock worth $82,785,000 after purchasing an additional 1,041,910 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,719.9% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 3,675,202 shares of the company’s stock valued at $65,419,000 after purchasing an additional 3,473,262 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 12.6% during the third quarter. HighTower Advisors LLC now owns 3,261,881 shares of the company’s stock valued at $59,497,000 after purchasing an additional 365,898 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.70 on Friday. The firm has a 50 day simple moving average of $18.23 and a 200 day simple moving average of $18.27. 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 Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a $0.0926 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Friday, February 20th. This is a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07.

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.