124,451 Shares in First Trust Preferred Securities and Income ETF $FPE Acquired by Ritter Daniher Financial Advisory LLC DE

Ritter Daniher Financial Advisory LLC DE purchased a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 124,451 shares of the company’s stock, valued at approximately $2,270,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jane Street Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 53.0% in the 1st quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock valued at $4,626,000 after buying an additional 91,118 shares during the period. Capital Investment Advisors LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 7.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 21,409 shares of the company’s stock worth $381,000 after purchasing an additional 1,572 shares in the last quarter. Truist Financial Corp grew its stake in shares of First Trust Preferred Securities and Income ETF by 5.6% during the 2nd quarter. Truist Financial Corp now owns 1,030,909 shares of the company’s stock worth $18,350,000 after purchasing an additional 54,951 shares during the period. PFG Investments LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter valued at about $190,000. Finally, Newman Dignan & Sheerar Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 8.1% in the second quarter. Newman Dignan & Sheerar Inc. now owns 382,411 shares of the company’s stock valued at $6,807,000 after purchasing an additional 28,735 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $18.32 on Friday. The company’s 50-day moving average price is $18.26 and its 200 day moving average price is $18.21. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51.

First Trust Preferred Securities and Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be given a dividend of $0.0683 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Wednesday, January 21st.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.