Glass Jacobson Investment Advisors llc Acquires 14,247 Shares of First Trust Preferred Securities and Income ETF $FPE

Glass Jacobson Investment Advisors llc boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 359,087 shares of the company’s stock after buying an additional 14,247 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 2.5% of Glass Jacobson Investment Advisors llc’s investment portfolio, making the stock its 3rd largest position. Glass Jacobson Investment Advisors llc’s holdings in First Trust Preferred Securities and Income ETF were worth $6,392,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its position in First Trust Preferred Securities and Income ETF by 1.3% in the first quarter. Brown Advisory Inc. now owns 57,241 shares of the company’s stock worth $1,007,000 after buying an additional 740 shares during the last quarter. Bessemer Group Inc. acquired a new position in First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $79,000. Spire Wealth Management boosted its stake in First Trust Preferred Securities and Income ETF by 9.5% in the 1st quarter. Spire Wealth Management now owns 12,534 shares of the company’s stock worth $220,000 after purchasing an additional 1,084 shares during the period. Parallel Advisors LLC boosted its stake in First Trust Preferred Securities and Income ETF by 9.7% in the 2nd quarter. Parallel Advisors LLC now owns 96,072 shares of the company’s stock worth $1,710,000 after purchasing an additional 8,458 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 4.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 36,118 shares of the company’s stock worth $635,000 after purchasing an additional 1,684 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $18.40 on Friday. The company has a 50 day moving average price of $18.25 and a 200 day moving average price of $17.84. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51.

First Trust Preferred Securities and Income ETF Dividend Announcement

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

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.