Wealth Enhancement Advisory Services LLC Sells 143,229 Shares of First Trust Preferred Securities and Income ETF $FPE

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 27.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 387,438 shares of the company’s stock after selling 143,229 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.11% of First Trust Preferred Securities and Income ETF worth $7,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FPE. Jane Street Group LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 53.0% in the 1st quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock valued at $4,626,000 after buying an additional 91,118 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 211.3% in the second quarter. Farther Finance Advisors LLC now owns 36,119 shares of the company’s stock worth $643,000 after acquiring an additional 24,516 shares during the period. Perigon Wealth Management LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 19.0% in the second quarter. Perigon Wealth Management LLC now owns 15,798 shares of the company’s stock valued at $281,000 after acquiring an additional 2,525 shares during the last quarter. PFS Partners LLC increased its position in First Trust Preferred Securities and Income ETF by 3.9% during the 2nd quarter. PFS Partners LLC now owns 376,954 shares of the company’s stock valued at $6,710,000 after purchasing an additional 13,988 shares during the period. Finally, Twelve Points Wealth Management LLC raised its holdings in First Trust Preferred Securities and Income ETF by 4.7% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 487,611 shares of the company’s stock worth $8,679,000 after purchasing an additional 21,904 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.1%

NYSEARCA:FPE opened at $18.32 on Friday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51. The firm’s fifty day moving average is $18.26 and its 200-day moving average is $18.20.

First Trust Preferred Securities and Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be given a $0.0683 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) annualized dividend and a dividend 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.