GWM Advisors LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 79.9% in the first quarter, HoldingsChannel.com reports. The fund owned 35,599 shares of the company’s stock after acquiring an additional 15,812 shares during the period. GWM Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in FPE. Resources Investment Advisors Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $25,000. Moody National Bank Trust Division purchased a new position in First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $36,000. Advisors Asset Management Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 126.2% in the 4th quarter. Advisors Asset Management Inc. now owns 2,321 shares of the company’s stock worth $42,000 after purchasing an additional 1,295 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $45,000. Finally, Deutsche Bank AG purchased a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $78,000.

NYSEARCA FPE opened at $19.19 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $17.76 and a 12 month high of $19.32.

The firm also recently declared a monthly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 22nd were issued a $0.103 dividend. The ex-dividend date was Tuesday, May 21st. This is a boost from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.08. This represents a $1.24 dividend on an annualized basis and a yield of 6.44%.

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See Also: Cost of Capital

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)

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