First Trust Preferred Securities and Income ETF $FPE Shares Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 97,301 shares of the company’s stock after purchasing an additional 5,482 shares during the quarter. Kovack Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,732,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the first quarter valued at about $28,000. Quaker Wealth Management LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 3,114 shares of the company’s stock valued at $55,000 after acquiring an additional 6,228 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at about $58,000. Bessemer Group Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the first quarter valued at about $79,000. Finally, Capital Analysts LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 13,641.0% during the first quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock valued at $94,000 after acquiring an additional 5,320 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.2%

Shares of NYSEARCA:FPE opened at $18.40 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.51. The company’s 50 day moving average is $18.28 and its 200 day moving average is $17.88.

First Trust Preferred Securities and Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a $0.0732 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, November 3rd.

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.