Spire Wealth Management Increases Stock Holdings in First Trust Preferred Securities and Income ETF $FPE

Spire Wealth Management lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 61.9% in the second quarter, Holdings Channel.com reports. The firm owned 20,293 shares of the company’s stock after buying an additional 7,759 shares during the period. Spire Wealth Management’s holdings in First Trust Preferred Securities and Income ETF were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FPE. Cetera Investment Advisers purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $25,303,000. Advisory Alpha LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 204.1% during the 1st quarter. Advisory Alpha LLC now owns 2,000,185 shares of the company’s stock worth $35,183,000 after acquiring an additional 1,342,527 shares during the last quarter. LPL Financial LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 10.2% during the 1st quarter. LPL Financial LLC now owns 14,362,757 shares of the company’s stock worth $252,641,000 after acquiring an additional 1,334,701 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 41.5% during the 1st quarter. Ameriprise Financial Inc. now owns 3,464,598 shares of the company’s stock worth $60,938,000 after acquiring an additional 1,016,528 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of First Trust Preferred Securities and Income ETF by 2.9% during the 1st quarter. Royal Bank of Canada now owns 17,296,239 shares of the company’s stock worth $304,241,000 after acquiring an additional 495,358 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $18.36 on Monday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51. The stock has a 50 day moving average price of $18.28 and a 200 day moving average price of $17.90.

First Trust Preferred Securities and Income ETF Announces Dividend

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

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.