First Trust Preferred Securities and Income ETF $FPE Shares Purchased by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,187,858 shares of the company’s stock after acquiring an additional 66,695 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned about 0.34% of First Trust Preferred Securities and Income ETF worth $21,643,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FPE. Raymond James Financial Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 1.7% in the 3rd quarter. Raymond James Financial Inc. now owns 8,885,934 shares of the company’s stock worth $162,079,000 after purchasing an additional 144,985 shares during the last quarter. Bank of America Corp DE lifted its stake in First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock valued at $138,762,000 after purchasing an additional 381,048 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 29.8% during the third quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock valued at $82,785,000 after purchasing an additional 1,041,910 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 1,719.9% during the second quarter. Gallagher Fiduciary Advisors LLC now owns 3,675,202 shares of the company’s stock worth $65,419,000 after buying an additional 3,473,262 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 12.6% during the third quarter. HighTower Advisors LLC now owns 3,261,881 shares of the company’s stock worth $59,497,000 after buying an additional 365,898 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $17.82 on Thursday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.51. The firm’s 50 day moving average price is $18.18 and its two-hundred day moving average price is $18.26.

First Trust Preferred Securities and Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.0926 per share. 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 a boost from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07.

First Trust Preferred Securities and Income ETF 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. FPE was launched on Feb 12, 2013 and is managed by First Trust.