1 North Wealth Services LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 255,631 shares of the company’s stock, valued at approximately $4,589,000. First Trust Preferred Securities and Income ETF comprises about 3.8% of 1 North Wealth Services LLC’s investment portfolio, making the stock its 8th largest holding.

Several other hedge funds have also added to or reduced their stakes in the company. First Hawaiian Bank bought a new position in First Trust Preferred Securities and Income ETF during the third quarter worth $396,000. Quad Cities Investment Group LLC raised its stake in First Trust Preferred Securities and Income ETF by 1.8% during the third quarter. Quad Cities Investment Group LLC now owns 220,045 shares of the company’s stock worth $4,206,000 after buying an additional 3,872 shares during the last quarter. American Financial Network Advisory Services LLC raised its stake in First Trust Preferred Securities and Income ETF by 114,370.0% during the third quarter. American Financial Network Advisory Services LLC now owns 11,447 shares of the company’s stock worth $219,000 after buying an additional 11,437 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in First Trust Preferred Securities and Income ETF by 25.7% during the third quarter. Cornerstone Wealth Management LLC now owns 219,750 shares of the company’s stock worth $10,960,000 after buying an additional 44,884 shares during the last quarter. Finally, Summit Financial Wealth Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 37.7% during the third quarter. Summit Financial Wealth Advisors LLC now owns 818,419 shares of the company’s stock worth $15,410,000 after buying an additional 223,903 shares during the last quarter.

Shares of NYSEARCA FPE opened at $18.80 on Thursday. First Trust Preferred Securities and Income ETF has a twelve month low of $17.76 and a twelve month high of $19.80.

The business also recently declared a monthly dividend, which was paid on Thursday, January 31st. Shareholders of record on Thursday, January 24th were issued a $0.0771 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Wednesday, January 23rd.

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Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE).

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

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