Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 43.2% in the first quarter, HoldingsChannel.com reports. The firm owned 2,302,311 shares of the company’s stock after acquiring an additional 694,974 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $43,882,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Kovack Advisors Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 3.8% during the 1st quarter. Kovack Advisors Inc. now owns 15,452 shares of the company’s stock valued at $295,000 after purchasing an additional 568 shares during the period. HL Financial Services LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 1.6% during the 4th quarter. HL Financial Services LLC now owns 53,833 shares of the company’s stock worth $966,000 after buying an additional 853 shares in the last quarter. UMB Bank N A MO raised its position in shares of First Trust Preferred Securities and Income ETF by 5.1% during the 1st quarter. UMB Bank N A MO now owns 19,497 shares of the company’s stock worth $372,000 after buying an additional 940 shares in the last quarter. Sigma Planning Corp raised its position in shares of First Trust Preferred Securities and Income ETF by 5.0% during the 1st quarter. Sigma Planning Corp now owns 24,040 shares of the company’s stock worth $458,000 after buying an additional 1,147 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 126.2% during the 4th quarter. Advisors Asset Management Inc. now owns 2,321 shares of the company’s stock worth $42,000 after buying an additional 1,295 shares in the last quarter.

FPE stock opened at $19.23 on Thursday. First Trust Preferred Securities and Income ETF has a 52 week low of $17.76 and a 52 week high of $19.39.

The business also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were given a dividend of $0.0769 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.80%.

COPYRIGHT VIOLATION NOTICE: This news story was published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.dailypolitical.com/2019/05/16/raymond-james-financial-services-advisors-inc-has-43-88-million-holdings-in-first-trust-preferred-securities-and-income-etf-fpe.html.

Featured Article: Cash Asset Ratio

Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE).

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

Receive News & Ratings for First Trust Preferred Securities and Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Preferred Securities and Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.