Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $21.64 Million Stock Position in First Trust Preferred Securities and Income ETF $FPE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,187,858 shares of the company’s stock after acquiring an additional 66,695 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in First Trust Preferred Securities and Income ETF were worth $21,643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont lifted its stake in First Trust Preferred Securities and Income ETF by 85.1% during the third quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock valued at $35,000 after buying an additional 893 shares in the last quarter. Rossby Financial LCC increased its position in shares of First Trust Preferred Securities and Income ETF by 469.7% in the third quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock worth $43,000 after acquiring an additional 1,935 shares in the last quarter. Ameriflex Group Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 339.3% in the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock worth $43,000 after acquiring an additional 1,832 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter valued at approximately $61,000. Finally, Private Wealth Asset Management LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 595.9% during the third quarter. Private Wealth Asset Management LLC now owns 5,233 shares of the company’s stock valued at $95,000 after acquiring an additional 4,481 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.82 on Thursday. The firm has a 50 day simple moving average of $18.18 and a 200 day simple moving average of $18.26. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.51.

First Trust Preferred Securities and Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a dividend of $0.0926 per share. This is an increase from First Trust Preferred Securities and Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a yield of 6.2%.

About First Trust Preferred Securities and Income ETF

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.