Kovitz Investment Group Partners LLC Has $15.95 Million Stock Position in First Trust Preferred Securities and Income ETF $FPE

Kovitz Investment Group Partners LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 874,693 shares of the company’s stock after acquiring an additional 40,770 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.25% of First Trust Preferred Securities and Income ETF worth $15,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its position in shares of First Trust Preferred Securities and Income ETF by 85.1% during the third quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after purchasing an additional 893 shares in the last quarter. Rossby Financial LCC raised its position in First Trust Preferred Securities and Income ETF by 469.7% in the 3rd quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock worth $43,000 after purchasing an additional 1,935 shares during the last quarter. Quaker Wealth Management LLC raised its position in First Trust Preferred Securities and Income ETF by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock worth $55,000 after purchasing an additional 6,228 shares during the last quarter. Private Wealth Asset Management LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 595.9% during the 3rd quarter. Private Wealth Asset Management LLC now owns 5,233 shares of the company’s stock worth $95,000 after buying an additional 4,481 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 104.6% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 5,575 shares of the company’s stock worth $102,000 after buying an additional 2,850 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.2%

Shares of FPE opened at $18.36 on Tuesday. The business’s fifty day moving average price is $18.30 and its two-hundred day moving average price is $18.27. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.0926 dividend. This is a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date 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.