Karp Capital Management Corp lifted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 359,272 shares of the company’s stock after acquiring an additional 17,530 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 2.4% of Karp Capital Management Corp’s investment portfolio, making the stock its 6th biggest position. Karp Capital Management Corp’s holdings in First Trust Preferred Securities and Income ETF were worth $6,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Miracle Mile Advisors LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 0.7% during the third quarter. Miracle Mile Advisors LLC now owns 1,631,038 shares of the company’s stock worth $31,153,000 after acquiring an additional 11,406 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 16.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,491,273 shares of the company’s stock worth $28,424,000 after acquiring an additional 214,756 shares during the last quarter. HCR Wealth Advisors increased its position in shares of First Trust Preferred Securities and Income ETF by 896.1% during the third quarter. HCR Wealth Advisors now owns 1,259,326 shares of the company’s stock worth $23,736,000 after acquiring an additional 1,132,895 shares during the last quarter. BB&T Securities LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 42.1% during the second quarter. BB&T Securities LLC now owns 914,359 shares of the company’s stock worth $17,427,000 after acquiring an additional 270,827 shares during the last quarter. Finally, QCI Asset Management Inc. NY increased its position in shares of First Trust Preferred Securities and Income ETF by 3.2% during the second quarter. QCI Asset Management Inc. NY now owns 856,300 shares of the company’s stock worth $16,321,000 after acquiring an additional 26,450 shares during the last quarter.

Shares of NYSEARCA FPE traded down $0.01 during midday trading on Tuesday, reaching $18.83. 8,410 shares of the company’s stock were exchanged, compared to its average volume of 869,178. First Trust Preferred Securities and Income ETF has a 52-week low of $18.67 and a 52-week high of $20.15.

The firm also recently announced a monthly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Wednesday, October 24th were given a dividend of $0.081 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Tuesday, October 23rd.

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

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