Stonebridge Advisors LLC Has $3.06 Million Holdings in First Trust Preferred Securities and Income ETF $FPE

Stonebridge Advisors LLC trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 84.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 167,729 shares of the company’s stock after selling 920,479 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 2.1% of Stonebridge Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Stonebridge Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Gallagher Fiduciary Advisors LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 1,719.9% in the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 3,675,202 shares of the company’s stock worth $65,419,000 after buying an additional 3,473,262 shares during the period. Jane Street Group LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 433.4% during the second quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock valued at $24,971,000 after buying an additional 1,139,866 shares during the period. State of Tennessee Department of Treasury lifted its stake in First Trust Preferred Securities and Income ETF by 58.0% in the second quarter. State of Tennessee Department of Treasury now owns 1,832,300 shares of the company’s stock worth $32,615,000 after acquiring an additional 672,400 shares during the period. Atria Investments Inc purchased a new stake in First Trust Preferred Securities and Income ETF in the second quarter worth $8,068,000. Finally, Kingswood Wealth Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 87.6% in the second quarter. Kingswood Wealth Advisors LLC now owns 812,847 shares of the company’s stock valued at $14,469,000 after acquiring an additional 379,640 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.30 on Wednesday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.51. The company’s fifty day simple moving average is $18.27 and its two-hundred day simple moving average is $18.23.

First Trust Preferred Securities and Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a $0.0683 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 4.5%.

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