Maia Wealth LLC Boosts Stock Position in First Trust Preferred Securities and Income ETF $FPE

Maia Wealth LLC lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,601 shares of the company’s stock after acquiring an additional 3,257 shares during the period. Maia Wealth LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $829,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in 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 purchasing an additional 495,358 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.6% in the first quarter. Raymond James Financial Inc. now owns 8,879,611 shares of the company’s stock worth $156,192,000 after buying an additional 312,207 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 41.5% in the first quarter. Ameriprise Financial Inc. now owns 3,464,598 shares of the company’s stock worth $60,938,000 after buying an additional 1,016,528 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 3.6% in the first 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 during the period. Finally, Advisory Alpha LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 4.6% in the second quarter. Advisory Alpha LLC now owns 2,092,069 shares of the company’s stock valued at $37,239,000 after acquiring an additional 91,884 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.2%

Shares of NYSEARCA:FPE opened at $18.24 on Thursday. The company has a 50 day moving average of $18.32 and a 200 day moving average of $18.02. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.51.

First Trust Preferred Securities and Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 21st will be given 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 is Friday, November 21st.

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.