Cedrus LLC Buys 34,699 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Cedrus LLC boosted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 26.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 164,212 shares of the company’s stock after buying an additional 34,699 shares during the quarter. First Trust Preferred Securities and Income ETF makes up approximately 1.1% of Cedrus LLC’s holdings, making the stock its 23rd largest holding. Cedrus LLC owned about 0.05% of First Trust Preferred Securities and Income ETF worth $2,972,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Etesian Wealth Advisors Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 0.3% during the 1st quarter. Etesian Wealth Advisors Inc. now owns 187,309 shares of the company’s stock worth $3,244,000 after buying an additional 595 shares during the period. Ameliora Wealth Management Ltd. raised its position in shares of First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after acquiring an additional 690 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 0.6% during the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 149,957 shares of the company’s stock valued at $2,597,000 after acquiring an additional 825 shares during the last quarter. Patten Group Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 1.2% in the 2nd quarter. Patten Group Inc. now owns 78,132 shares of the company’s stock valued at $1,356,000 after purchasing an additional 961 shares during the period. Finally, TRUE Private Wealth Advisors boosted its position in shares of First Trust Preferred Securities and Income ETF by 5.5% in the 2nd quarter. TRUE Private Wealth Advisors now owns 18,936 shares of the company’s stock worth $329,000 after purchasing an additional 983 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

NYSEARCA FPE opened at $18.18 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $15.46 and a 12 month high of $18.23. The stock has a 50-day simple moving average of $17.97 and a 200 day simple moving average of $17.56.

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.