WESPAC Advisors LLC Has $4.96 Million Position in First Trust Preferred Securities and Income ETF (FPE)

WESPAC Advisors LLC increased its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 54.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,674 shares of the company’s stock after buying an additional 91,979 shares during the quarter. First Trust Preferred Securities and Income ETF comprises approximately 2.9% of WESPAC Advisors LLC’s investment portfolio, making the stock its largest holding. WESPAC Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $4,960,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FPE. Country Trust Bank acquired a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter worth approximately $11,023,000. Oxbow Advisors LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $8,539,000. Gradient Investments LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $8,110,000. BB&T Securities LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 42.1% during the 2nd quarter. BB&T Securities LLC now owns 914,359 shares of the company’s stock worth $17,427,000 after purchasing an additional 270,827 shares during the period. Finally, Summit Financial Wealth Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 37.7% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 818,419 shares of the company’s stock worth $15,410,000 after purchasing an additional 223,903 shares during the period.

Shares of NYSEARCA FPE opened at $18.80 on Monday. First Trust Preferred Securities and Income ETF has a 12 month low of $18.67 and a 12 month high of $20.19.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 24th were paid a dividend of $0.081 per share. The ex-dividend date of this dividend was Tuesday, October 23rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.17%.

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Institutional Ownership by Quarter for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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