First Trust Preferred Securities and Income ETF $FPE Stock Holdings Raised by MAI Capital Management

MAI Capital Management raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.1% during 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 owned about 0.52% of First Trust Preferred Securities and Income ETF worth $32,414,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FPE. Cozad Asset Management Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 4.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 12,405 shares of the company’s stock worth $226,000 after purchasing an additional 585 shares during the last quarter. Lake Street Private Wealth LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 6.4% during the third quarter. Lake Street Private Wealth LLC now owns 147,465 shares of the company’s stock worth $2,690,000 after acquiring an additional 8,873 shares during the last quarter. Private Advisory Group LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 5.0% in the 3rd quarter. Private Advisory Group LLC now owns 168,753 shares of the company’s stock worth $3,078,000 after acquiring an additional 7,981 shares during the period. Price Capital Management Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter worth about $7,350,000. Finally, ROI Financial Advisors LLC lifted its position in First Trust Preferred Securities and Income ETF by 41.5% in the 3rd quarter. ROI Financial Advisors LLC now owns 116,186 shares of the company’s stock valued at $2,119,000 after purchasing an additional 34,066 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $18.37 on Wednesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.51. The firm has a 50-day moving average price of $18.31 and a two-hundred day moving average price of $18.27.

First Trust Preferred Securities and Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a $0.0926 dividend. The ex-dividend date of this dividend is Friday, February 20th. 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 dividend yield of 6.0%.

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.