First Trust Preferred Securities and Income ETF $FPE Stock Position Increased by MAI Capital Management

MAI Capital Management boosted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,777,084 shares of the company’s stock after buying an additional 132,559 shares during the quarter. MAI Capital Management’s holdings in First Trust Preferred Securities and Income ETF were worth $32,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jane Street Group LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 53.0% during the 1st quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock valued at $4,626,000 after purchasing an additional 91,118 shares in the last quarter. Advisory Alpha LLC lifted its stake in First Trust Preferred Securities and Income ETF by 4.6% during the second quarter. Advisory Alpha LLC now owns 2,092,069 shares of the company’s stock valued at $37,239,000 after purchasing an additional 91,884 shares during the last quarter. Quaker Wealth Management LLC lifted its stake in First Trust Preferred Securities and Income ETF by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock valued at $55,000 after purchasing an additional 6,228 shares during the last quarter. Daymark Wealth Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF during the second quarter worth approximately $189,000. Finally, Arkadios Wealth Advisors grew its position in First Trust Preferred Securities and Income ETF by 23.2% in the second quarter. Arkadios Wealth Advisors now owns 22,079 shares of the company’s stock worth $393,000 after buying an additional 4,161 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $18.37 on Wednesday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.51. The business has a fifty day simple moving average of $18.31 and a 200-day simple moving average of $18.27.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.0926 per share. This is a boost from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Friday, February 20th.

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.