Karp Capital Management Corp Buys 4,210 Shares of First Trust Preferred Securities and Income ETF (FPE)

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Karp Capital Management Corp boosted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.2% in the first quarter, HoldingsChannel.com reports. The firm owned 352,064 shares of the company’s stock after purchasing an additional 4,210 shares during the quarter. First Trust Preferred Securities and Income ETF makes up approximately 2.4% of Karp Capital Management Corp’s holdings, making the stock its 6th largest holding. Karp Capital Management Corp’s holdings in First Trust Preferred Securities and Income ETF were worth $6,710,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FPE. Bedel Financial Consulting Inc. bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $29,000. Essex Savings Bank bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $29,000. Moody National Bank Trust Division bought a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter valued at $36,000. Massey Quick Simon & CO. LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $39,000. Finally, Advisors Asset Management Inc. raised its stake in 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 valued at $42,000 after acquiring an additional 1,295 shares in the last quarter.

First Trust Preferred Securities and Income ETF stock traded up $0.02 during mid-day trading on Wednesday, hitting $19.23. 4,750 shares of the company’s stock traded hands, compared to its average volume of 1,052,741. First Trust Preferred Securities and Income ETF has a one year low of $17.76 and a one year high of $19.40.

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

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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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