Kovack Advisors Inc. Purchases 5,482 Shares of First Trust Preferred Securities and Income ETF $FPE

Kovack Advisors Inc. lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,301 shares of the company’s stock after acquiring 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 large investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. bought a new position in First Trust Preferred Securities and Income ETF in the first quarter worth about $28,000. Quaker Wealth Management LLC raised its holdings in First Trust Preferred Securities and Income ETF by 200.0% in the second 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 in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in First Trust Preferred Securities and Income ETF in the second quarter worth about $58,000. Bessemer Group Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the first quarter worth $79,000. Finally, Capital Analysts LLC grew its holdings in First Trust Preferred Securities and Income ETF by 13,641.0% in the first quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock worth $94,000 after purchasing an additional 5,320 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.2%

NYSEARCA FPE opened at $18.40 on Friday. The firm’s fifty day simple moving average is $18.28 and its two-hundred day simple moving average is $17.88. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.51.

First Trust Preferred Securities and Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Shareholders 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 of this dividend 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.