Stephens Inc. AR Has $6.16 Million Holdings in First Trust Preferred Securities and Income ETF $FPE

Stephens Inc. AR cut its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.5% in the second quarter, HoldingsChannel reports. The fund owned 346,068 shares of the company’s stock after selling 1,595 shares during the quarter. Stephens Inc. AR’s holdings in First Trust Preferred Securities and Income ETF were worth $6,160,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FPE. Cetera Investment Advisers acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter valued at about $25,303,000. Advisory Alpha LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 204.1% during the 1st quarter. Advisory Alpha LLC now owns 2,000,185 shares of the company’s stock valued at $35,183,000 after buying an additional 1,342,527 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 10.2% during the 1st quarter. LPL Financial LLC now owns 14,362,757 shares of the company’s stock valued at $252,641,000 after buying an additional 1,334,701 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of 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 buying an additional 1,016,528 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of 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 valued at $304,241,000 after buying an additional 495,358 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.5%

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.42 on Wednesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51. The stock has a 50-day simple moving average of $18.23 and a 200-day simple moving average of $17.81.

First Trust Preferred Securities and Income ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be issued a dividend of $0.0732 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, November 3rd.

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.