Meridian Wealth Advisors LLC Purchases Shares of 10,058 First Trust Preferred Securities and Income ETF $FPE

Meridian Wealth Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the second quarter, HoldingsChannel.com reports. The fund acquired 10,058 shares of the company’s stock, valued at approximately $179,000.

Several other large investors have also recently modified their holdings of FPE. Cozad Asset Management Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 8.0% in the second quarter. Cozad Asset Management Inc. now owns 11,820 shares of the company’s stock worth $210,000 after purchasing an additional 874 shares during the last quarter. MAI Capital Management boosted its position in shares of First Trust Preferred Securities and Income ETF by 3.7% in the 2nd quarter. MAI Capital Management now owns 1,644,525 shares of the company’s stock worth $29,273,000 after purchasing an additional 58,842 shares in the last quarter. NFP Retirement Inc. grew its stake in First Trust Preferred Securities and Income ETF by 0.6% during the 2nd quarter. NFP Retirement Inc. now owns 786,367 shares of the company’s stock worth $13,997,000 after buying an additional 4,450 shares during the last quarter. Perennial Investment Advisors LLC increased its position in First Trust Preferred Securities and Income ETF by 5.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 95,708 shares of the company’s stock valued at $1,704,000 after buying an additional 4,982 shares in the last quarter. Finally, Capital Square LLC purchased a new stake in First Trust Preferred Securities and Income ETF in the second quarter valued at about $211,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $18.14 on Friday. 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 stock’s 50-day simple moving average is $18.33 and its 200-day simple moving average is $18.00.

First Trust Preferred Securities and Income ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 21st will be given a dividend of $0.0732 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, November 21st.

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.