First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) is SRS Capital Advisors Inc.’s 9th Largest Position

SRS Capital Advisors Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,531,988 shares of the company’s stock after buying an additional 59,919 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for approximately 2.5% of SRS Capital Advisors Inc.’s holdings, making the stock its 9th biggest position. SRS Capital Advisors Inc. owned approximately 0.50% of First Trust Preferred Securities and Income ETF worth $27,729,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in First Trust Preferred Securities and Income ETF by 1,642.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock worth $279,530,000 after buying an additional 1,455,731 shares in the last quarter. Cetera Investment Advisers boosted its position in First Trust Preferred Securities and Income ETF by 194.9% during the first quarter. Cetera Investment Advisers now owns 1,141,966 shares of the company’s stock valued at $19,779,000 after purchasing an additional 754,718 shares during the last quarter. Waverly Advisors LLC purchased a new position in First Trust Preferred Securities and Income ETF in the first quarter valued at about $11,610,000. Ameritas Investment Partners Inc. increased its position in First Trust Preferred Securities and Income ETF by 1,275.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after purchasing an additional 380,318 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.5% during the 2nd quarter. LPL Financial LLC now owns 10,841,607 shares of the company’s stock valued at $188,210,000 after buying an additional 362,026 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE traded down $0.01 during midday trading on Friday, hitting $17.95. 839,586 shares of the company’s stock traded hands, compared to its average volume of 1,233,030. First Trust Preferred Securities and Income ETF has a one year low of $16.09 and a one year high of $18.23. The stock’s fifty day simple moving average is $18.06 and its 200-day simple moving average is $17.68.

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.