First Trust Preferred Securities and Income ETF (FPE) is WESPAC Advisors LLC’s Largest Position

WESPAC Advisors LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 263,417 shares of the company’s stock after acquiring an additional 9,043 shares during the period. First Trust Preferred Securities and Income ETF accounts for about 3.5% of WESPAC Advisors LLC’s portfolio, making the stock its largest position. WESPAC Advisors LLC owned approximately 0.15% of First Trust Preferred Securities and Income ETF worth $5,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. WBI Investments Inc. bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $16,564,000. Beacon Financial Group grew its stake in shares of First Trust Preferred Securities and Income ETF by 3,546.8% in the 4th quarter. Beacon Financial Group now owns 701,018 shares of the company’s stock worth $12,506,000 after acquiring an additional 681,795 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $9,608,000. Jane Street Group LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,065.5% in the 4th quarter. Jane Street Group LLC now owns 510,113 shares of the company’s stock worth $9,157,000 after acquiring an additional 466,347 shares in the last quarter. Finally, Trilogy Capital Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 98.1% in the 1st quarter. Trilogy Capital Inc. now owns 551,342 shares of the company’s stock worth $10,509,000 after acquiring an additional 272,960 shares in the last quarter.

Shares of NYSEARCA FPE traded down $0.02 during trading on Friday, hitting $19.19. The stock had a trading volume of 1,031,893 shares, compared to its average volume of 1,055,894. First Trust Preferred Securities and Income ETF has a 12 month low of $17.76 and a 12 month high of $19.40.

The company also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were paid a $0.0769 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.92 annualized dividend and a dividend yield of 4.81%.

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Further Reading: Dollar Cost Averaging

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

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