Prospera Financial Services Inc Cuts Stake in First Trust Preferred Securities and Income ETF $FPE

Prospera Financial Services Inc lessened its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,536,026 shares of the company’s stock after selling 317,362 shares during the period. Prospera Financial Services Inc owned about 0.46% of First Trust Preferred Securities and Income ETF worth $27,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FPE. Summit Investment Advisors Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 8.4% during the 1st quarter. Summit Investment Advisors Inc. now owns 553,951 shares of the company’s stock worth $9,744,000 after purchasing an additional 43,129 shares during the last quarter. AE Wealth Management LLC grew its holdings in First Trust Preferred Securities and Income ETF by 5.5% during the second quarter. AE Wealth Management LLC now owns 158,557 shares of the company’s stock valued at $2,822,000 after purchasing an additional 8,204 shares during the period. Aspect Partners LLC bought a new position in First Trust Preferred Securities and Income ETF during the second quarter valued at $183,000. ROI Financial Advisors LLC increased its position in First Trust Preferred Securities and Income ETF by 35.1% in the second quarter. ROI Financial Advisors LLC now owns 82,120 shares of the company’s stock worth $1,462,000 after buying an additional 21,340 shares during the last quarter. Finally, Prosperity Consulting Group LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 2.1% in the second quarter. Prosperity Consulting Group LLC now owns 193,676 shares of the company’s stock valued at $3,447,000 after buying an additional 4,052 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $18.31 on Friday. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.51. The business’s fifty day moving average price is $18.31 and its 200-day moving average price is $17.93.

First Trust Preferred Securities and Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.0732 per share. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, November 3rd.

About First Trust Preferred Securities and Income ETF

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.