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

Kovitz Investment Group Partners LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 874,693 shares of the company’s stock after purchasing an additional 40,770 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $15,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FPE. Trust Co. of Vermont grew its holdings in First Trust Preferred Securities and Income ETF by 85.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after acquiring an additional 893 shares during the period. Rossby Financial LCC lifted its stake 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 purchasing an additional 1,935 shares during the period. Quaker Wealth Management LLC boosted its position in shares of 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 grew its stake in shares of First Trust Preferred Securities and Income ETF by 595.9% during 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. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 104.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 5,575 shares of the company’s stock worth $102,000 after purchasing an additional 2,850 shares during the period.

First Trust Preferred Securities and Income ETF Trading Down 0.2%

NYSEARCA FPE opened at $18.36 on Tuesday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.51. The stock has a 50-day simple moving average of $18.30 and a 200 day simple moving average of $18.27.

First Trust Preferred Securities and Income ETF Increases Dividend

The business 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. This is a boost from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend 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.