Stringer Asset Management LLC Has $2.79 Million Position in First Trust Preferred Securities and Income ETF (FPE)

Stringer Asset Management LLC increased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 31.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 146,099 shares of the company’s stock after buying an additional 35,297 shares during the period. First Trust Preferred Securities and Income ETF accounts for 2.2% of Stringer Asset Management LLC’s holdings, making the stock its 18th biggest holding. Stringer Asset Management LLC owned about 0.08% of First Trust Preferred Securities and Income ETF worth $2,790,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FPE. Janney Montgomery Scott LLC increased its stake in First Trust Preferred Securities and Income ETF by 6.5% in the second quarter. Janney Montgomery Scott LLC now owns 359,751 shares of the company’s stock valued at $6,857,000 after purchasing an additional 21,969 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in First Trust Preferred Securities and Income ETF by 16.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,491,273 shares of the company’s stock valued at $28,424,000 after purchasing an additional 214,756 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust Preferred Securities and Income ETF by 11.7% in the second quarter. Commonwealth Equity Services LLC now owns 533,543 shares of the company’s stock valued at $10,169,000 after purchasing an additional 55,883 shares in the last quarter. CWM LLC increased its stake in First Trust Preferred Securities and Income ETF by 2,395.0% in the second quarter. CWM LLC now owns 37,300 shares of the company’s stock valued at $711,000 after purchasing an additional 35,805 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its stake in First Trust Preferred Securities and Income ETF by 260.2% in the second quarter. Wagner Wealth Management LLC now owns 6,506 shares of the company’s stock valued at $124,000 after purchasing an additional 4,700 shares in the last quarter.

FPE opened at $18.45 on Monday. First Trust Preferred Securities and Income ETF has a 1-year low of $18.33 and a 1-year high of $20.12.

The business also recently declared a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 23rd will be paid a $0.1039 dividend. This is an increase from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.08. This represents a $1.25 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend is Wednesday, November 21st.

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Institutional Ownership by Quarter for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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