HUB Investment Partners LLC Acquires Shares of 103,917 First Trust Preferred Securities and Income ETF $FPE

HUB Investment Partners LLC acquired a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 103,917 shares of the company’s stock, valued at approximately $1,895,000.

A number of other large investors also recently added to or reduced their stakes in the business. Trust Co. of Vermont raised its stake 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 buying an additional 893 shares during the last quarter. Rossby Financial LCC raised its position in shares of 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 valued at $43,000 after acquiring an additional 1,935 shares during the period. Private Wealth Asset Management LLC raised its holdings in First Trust Preferred Securities and Income ETF by 595.9% in the third quarter. Private Wealth Asset Management LLC now owns 5,233 shares of the company’s stock worth $95,000 after purchasing an additional 4,481 shares during the period. Hazlett Burt & Watson Inc. raised its stake 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 during the period. Finally, Security National Bank raised its position in shares of First Trust Preferred Securities and Income ETF by 26.8% during the third quarter. Security National Bank now owns 9,458 shares of the company’s stock worth $173,000 after purchasing an additional 1,999 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock 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 firm has a fifty 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 announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued 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. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

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.