Baird Financial Group Inc. Has $3.48 Million Stake in First Trust Preferred Securities and Income ETF (FPE)

Baird Financial Group Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,476 shares of the company’s stock after purchasing an additional 16,705 shares during the quarter. Baird Financial Group Inc. owned approximately 0.10% of First Trust Preferred Securities and Income ETF worth $3,480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sigma Planning Corp acquired a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $362,000. Wedbush Securities Inc. grew its stake in First Trust Preferred Securities and Income ETF by 11.2% in the 2nd quarter. Wedbush Securities Inc. now owns 35,544 shares of the company’s stock valued at $677,000 after buying an additional 3,580 shares during the last quarter. QCI Asset Management Inc. NY grew its stake in First Trust Preferred Securities and Income ETF by 3.2% in the 2nd quarter. QCI Asset Management Inc. NY now owns 856,300 shares of the company’s stock valued at $16,321,000 after buying an additional 26,450 shares during the last quarter. Karp Capital Management Corp grew its stake in First Trust Preferred Securities and Income ETF by 2.9% in the 2nd quarter. Karp Capital Management Corp now owns 341,742 shares of the company’s stock valued at $6,514,000 after buying an additional 9,525 shares during the last quarter. Finally, Quad Cities Investment Group LLC grew its stake in First Trust Preferred Securities and Income ETF by 5.1% in the 2nd quarter. Quad Cities Investment Group LLC now owns 216,173 shares of the company’s stock valued at $4,120,000 after buying an additional 10,404 shares during the last quarter.

NYSEARCA:FPE opened at $18.15 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $18.07 and a 1 year high of $20.12.

The company also recently announced a monthly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 23rd were paid a $0.1039 dividend. The ex-dividend date was Wednesday, November 21st. This is a positive change from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.08. This represents a $1.25 dividend on an annualized basis and a yield of 6.87%.

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

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