Cullen Frost Bankers Inc. Increases Stock Position in First Trust Preferred Securities and Income ETF $FPE

Cullen Frost Bankers Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 20,058 shares of the company’s stock after acquiring an additional 3,091 shares during the period. Cullen Frost Bankers Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $357,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Mid American Wealth Advisory Group Inc. acquired a new position in First Trust Preferred Securities and Income ETF during the second quarter worth $58,000. Avidian Wealth Enterprises LLC raised its position in First Trust Preferred Securities and Income ETF by 4.1% during the second quarter. Avidian Wealth Enterprises LLC now owns 722,073 shares of the company’s stock worth $12,853,000 after acquiring an additional 28,159 shares during the period. Elevation Capital Advisory LLC acquired a new position in First Trust Preferred Securities and Income ETF during the second quarter worth $5,316,000. Balboa Wealth Partners acquired a new position in First Trust Preferred Securities and Income ETF during the second quarter worth $213,000. Finally, Chicago Partners Investment Group LLC raised its position in First Trust Preferred Securities and Income ETF by 2.7% during the second quarter. Chicago Partners Investment Group LLC now owns 422,228 shares of the company’s stock worth $7,528,000 after acquiring an additional 11,068 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $18.40 on Friday. The company has a fifty day moving average of $18.25 and a two-hundred day moving average of $17.84. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.51.

First Trust Preferred Securities and Income ETF Dividend Announcement

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

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.