Hilltop Holdings Inc. purchased a new stake in shares of 1st Tr EXCHANGE/1ST TR PFD SECS & I (NYSEARCA:FPE) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 372,355 shares of the company’s stock, valued at approximately $7,246,000. 1st Tr EXCHANGE/1ST TR PFD SECS & I comprises approximately 1.3% of Hilltop Holdings Inc.’s holdings, making the stock its 8th biggest position. Hilltop Holdings Inc. owned 0.20% of 1st Tr EXCHANGE/1ST TR PFD SECS & I as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Kovack Advisors Inc. lifted its position in 1st Tr EXCHANGE/1ST TR PFD SECS & I by 159.4% during the first quarter. Kovack Advisors Inc. now owns 26,201 shares of the company’s stock valued at $510,000 after purchasing an additional 16,102 shares during the period. LPL Financial LLC lifted its position in 1st Tr EXCHANGE/1ST TR PFD SECS & I by 14.1% during the first quarter. LPL Financial LLC now owns 3,411,173 shares of the company’s stock valued at $66,381,000 after purchasing an additional 422,472 shares during the period. HCR Wealth Advisors lifted its position in 1st Tr EXCHANGE/1ST TR PFD SECS & I by 2.8% during the first quarter. HCR Wealth Advisors now owns 1,314,279 shares of the company’s stock valued at $25,576,000 after purchasing an additional 35,898 shares during the period. Jane Street Group LLC bought a new position in 1st Tr EXCHANGE/1ST TR PFD SECS & I during the first quarter valued at approximately $3,850,000. Finally, The Manufacturers Life Insurance Company lifted its position in 1st Tr EXCHANGE/1ST TR PFD SECS & I by 685.6% during the first quarter. The Manufacturers Life Insurance Company now owns 6,858 shares of the company’s stock valued at $133,000 after purchasing an additional 5,985 shares during the period.

Shares of 1st Tr EXCHANGE/1ST TR PFD SECS & I stock opened at $19.28 on Thursday. 1st Tr EXCHANGE/1ST TR PFD SECS & I has a twelve month low of $19.07 and a twelve month high of $20.25.

The business also recently disclosed a monthly dividend, which was paid on Thursday, May 31st. Investors of record on Wednesday, May 23rd were given a dividend of $0.0932 per share. This is an increase from 1st Tr EXCHANGE/1ST TR PFD SECS & I’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, May 22nd. This represents a $1.12 dividend on an annualized basis and a yield of 5.80%.

Institutional Ownership by Quarter for 1st Tr EXCHANGE/1ST TR PFD SECS & I (NYSEARCA:FPE)

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