Park National Corp OH Reduces Stock Holdings in First Trust Preferred Securities and Income ETF $FPE

Park National Corp OH lowered its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,780,421 shares of the company’s stock after selling 385,500 shares during the period. Park National Corp OH’s holdings in First Trust Preferred Securities and Income ETF were worth $32,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 53.0% in the 1st quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock worth $4,626,000 after purchasing an additional 91,118 shares during the period. Foundations Investment Advisors LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at about $313,000. NFP Retirement Inc. raised its stake in First Trust Preferred Securities and Income ETF by 0.6% in the second quarter. NFP Retirement Inc. now owns 786,367 shares of the company’s stock worth $13,997,000 after buying an additional 4,450 shares in the last quarter. MAI Capital Management raised its stake in First Trust Preferred Securities and Income ETF by 3.7% in the second quarter. MAI Capital Management now owns 1,644,525 shares of the company’s stock worth $29,273,000 after buying an additional 58,842 shares in the last quarter. Finally, Cozad Asset Management Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 8.0% in the second quarter. Cozad Asset Management Inc. now owns 11,820 shares of the company’s stock worth $210,000 after buying an additional 874 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $18.00 on Friday. The company has a 50-day simple moving average of $18.28 and a two-hundred day simple moving average of $18.28. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.51.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a $0.0926 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 6.2%. This is an increase from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07.

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.