Osaic Holdings Inc. Cuts Stake in First Trust Preferred Securities and Income ETF $FPE

Osaic Holdings Inc. lowered its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,104,882 shares of the company’s stock after selling 190,923 shares during the period. Osaic Holdings Inc. owned about 0.63% of First Trust Preferred Securities and Income ETF worth $37,468,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 78.7% during the second quarter. Hazlett Burt & Watson Inc. now owns 2,725 shares of the company’s stock valued at $50,000 after buying an additional 1,200 shares during the last quarter. Quaker Wealth Management LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock valued at $55,000 after acquiring an additional 6,228 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $58,000. Capital Analysts LLC increased its stake in First Trust Preferred Securities and Income ETF by 13,641.0% in the 1st quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock worth $94,000 after purchasing an additional 5,320 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in First Trust Preferred Securities and Income ETF by 12.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock valued at $110,000 after purchasing an additional 695 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $18.20 on Wednesday. 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. The business has a 50 day moving average price of $18.31 and a 200-day moving average price of $18.10.

First Trust Preferred Securities and Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were given a $0.0732 dividend. The ex-dividend date was Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend 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.