Paller Financial Services Inc Makes New Investment in First Trust Preferred Securities and Income ETF $FPE

Paller Financial Services Inc bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, Holdings Channel reports. The firm bought 60,320 shares of the company’s stock, valued at approximately $1,099,000.

Several other hedge funds have also made changes to their positions in the company. Falcon Wealth Planning raised its position in shares of First Trust Preferred Securities and Income ETF by 6.4% during the 3rd quarter. Falcon Wealth Planning now owns 1,275,937 shares of the company’s stock valued at $23,273,000 after buying an additional 77,011 shares during the period. Ameritas Investment Partners Inc. grew its position in First Trust Preferred Securities and Income ETF by 7.5% in the third quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock worth $11,466,000 after acquiring an additional 44,103 shares during the period. Citigroup Inc. increased its stake in First Trust Preferred Securities and Income ETF by 17.2% during the third quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock worth $17,969,000 after acquiring an additional 144,720 shares during the last quarter. Asset Allocation Strategies LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the third quarter worth $3,232,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in First Trust Preferred Securities and Income ETF in the second quarter valued at $652,000.

First Trust Preferred Securities and Income ETF Stock Up 0.7%

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.75 on Wednesday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51. The business’s fifty day simple moving average is $18.18 and its 200-day simple moving average is $18.26.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a $0.0926 dividend. This is an increase from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 6.3%.

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.