HUB Investment Partners LLC Makes New Investment in First Trust Preferred Securities and Income ETF $FPE

HUB Investment Partners LLC acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the third quarter, Holdings Channel reports. The institutional investor acquired 103,917 shares of the company’s stock, valued at approximately $1,895,000.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC acquired a new position in First Trust Preferred Securities and Income ETF during the third quarter worth $9,447,000. Perennial Investment Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 12.7% during the 3rd quarter. Perennial Investment Advisors LLC now owns 107,903 shares of the company’s stock worth $1,968,000 after buying an additional 12,195 shares during the last quarter. Advisory Alpha LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 4.4% in the third quarter. Advisory Alpha LLC now owns 2,183,198 shares of the company’s stock valued at $39,953,000 after acquiring an additional 91,129 shares during the last quarter. Level Four Advisory Services LLC boosted its position in First Trust Preferred Securities and Income ETF by 18.6% during the third quarter. Level Four Advisory Services LLC now owns 38,079 shares of the company’s stock valued at $695,000 after purchasing an additional 5,962 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in First Trust Preferred Securities and Income ETF by 26.4% during the third quarter. Kingsview Wealth Management LLC now owns 224,017 shares of the company’s stock valued at $4,086,000 after purchasing an additional 46,828 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $18.13 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.51. The stock has a 50 day moving average of $18.31 and a 200-day moving average of $18.28.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a $0.0926 dividend. This is a boost from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

First Trust Preferred Securities and Income ETF Company Profile

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.