Prosperity Consulting Group LLC Increases Position in First Trust Preferred Securities and Income ETF $FPE

Prosperity Consulting Group LLC increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,676 shares of the company’s stock after purchasing an additional 4,052 shares during the quarter. Prosperity Consulting Group LLC owned 0.06% of First Trust Preferred Securities and Income ETF worth $3,447,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.9% in the 1st quarter. Royal Bank of Canada now owns 17,296,239 shares of the company’s stock valued at $304,241,000 after purchasing an additional 495,358 shares in the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 10.2% in the 1st quarter. LPL Financial LLC now owns 14,362,757 shares of the company’s stock valued at $252,641,000 after purchasing an additional 1,334,701 shares in the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 3.6% during the 1st quarter. Raymond James Financial Inc. now owns 8,879,611 shares of the company’s stock valued at $156,192,000 after acquiring an additional 312,207 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in 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 valued at $60,938,000 after acquiring an additional 1,016,528 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in First Trust Preferred Securities and Income ETF by 3.6% during the 1st quarter. Kestra Advisory Services LLC now owns 2,566,326 shares of the company’s stock valued at $45,142,000 after acquiring an additional 89,663 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $18.36 on Tuesday. The firm has a 50-day moving average price of $18.29 and a two-hundred day moving average price of $17.91. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.51.

First Trust Preferred Securities and Income ETF Announces Dividend

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 issued a dividend of $0.0732 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, November 3rd.

First Trust Preferred Securities and Income ETF Company 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.