First Allied Advisory Services Inc. Buys 10,584 Shares of First Trust Preferred Securities and Income ETF (FPE)

First Allied Advisory Services Inc. grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 464,796 shares of the company’s stock after purchasing an additional 10,584 shares during the period. First Allied Advisory Services Inc. owned about 0.25% of First Trust Preferred Securities and Income ETF worth $9,071,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Breiter Capital Management Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 19.6% during the 1st quarter. Breiter Capital Management Inc. now owns 16,264 shares of the company’s stock valued at $317,000 after buying an additional 2,665 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 7.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 42,568 shares of the company’s stock valued at $852,000 after buying an additional 3,067 shares in the last quarter. Brown Advisory Securities LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 7.8% during the 4th quarter. Brown Advisory Securities LLC now owns 44,187 shares of the company’s stock valued at $884,000 after buying an additional 3,187 shares in the last quarter. US Bancorp DE lifted its position in shares of First Trust Preferred Securities and Income ETF by 19.9% during the 1st quarter. US Bancorp DE now owns 23,900 shares of the company’s stock valued at $465,000 after buying an additional 3,975 shares in the last quarter. Finally, Greenwich Investment Management Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 13.9% during the 1st quarter. Greenwich Investment Management Inc. now owns 32,765 shares of the company’s stock valued at $638,000 after buying an additional 4,000 shares in the last quarter.

NYSEARCA FPE opened at $19.24 on Monday. First Trust Preferred Securities and Income ETF has a one year low of $19.18 and a one year high of $20.25.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 31st. Investors of record on Wednesday, May 23rd will be paid a $0.0932 dividend. This is an increase from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.08. This represents a $1.12 annualized dividend and a yield of 5.81%. The ex-dividend date is Tuesday, May 22nd.

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Institutional Ownership by Quarter for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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