First Trust Preferred Securities and Income ETF (FPE) Holdings Cut by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. reduced its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 36.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,479 shares of the company’s stock after selling 8,163 shares during the period. Semmax Financial Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kovack Advisors Inc. lifted its holdings 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 worth $295,000 after buying an additional 568 shares during the last quarter. HL Financial Services LLC lifted its holdings in 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 during the last quarter. UMB Bank N A MO lifted its holdings in 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 during the last quarter. Sigma Planning Corp lifted its holdings in 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 during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings 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 worth $42,000 after buying an additional 1,295 shares during the last quarter.

Shares of NYSEARCA FPE opened at $19.24 on Monday. First Trust Preferred Securities and Income ETF has a 1 year low of $17.76 and a 1 year high of $19.37.

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

ILLEGAL ACTIVITY WARNING: This news story was reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.baseballdailydigest.com/news/2019/05/20/first-trust-preferred-securities-and-income-etf-fpe-holdings-cut-by-semmax-financial-advisors-inc.html.

Read More: What is the Stochastic Momentum Index (SMI)?

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.