Proactive Wealth Strategies LLC Takes Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,024 shares of the company’s stock, valued at approximately $362,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FPE. Farther Finance Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after acquiring an additional 559 shares in the last quarter. Aspen Wealth Strategies LLC raised its position in First Trust Preferred Securities and Income ETF by 1.2% in the third quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock worth $922,000 after acquiring an additional 593 shares in the last quarter. Ameliora Wealth Management Ltd. raised its position in First Trust Preferred Securities and Income ETF by 93.1% in the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after acquiring an additional 690 shares in the last quarter. Patten Group Inc. raised its position in First Trust Preferred Securities and Income ETF by 1.2% in the second quarter. Patten Group Inc. now owns 78,132 shares of the company’s stock worth $1,356,000 after acquiring an additional 961 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its position in First Trust Preferred Securities and Income ETF by 5.5% in the second quarter. TRUE Private Wealth Advisors now owns 18,936 shares of the company’s stock worth $329,000 after acquiring an additional 983 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.3 %

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.04 on Tuesday. The company’s 50-day moving average price is $18.05 and its two-hundred day moving average price is $17.66. First Trust Preferred Securities and Income ETF has a 52 week low of $16.01 and a 52 week high of $18.23.

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.