Investmark Advisory Group LLC Purchases Shares of 14,564 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Investmark Advisory Group LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 3rd quarter, Holdings Channel reports. The firm acquired 14,564 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 32.8% in the 3rd quarter. Creative Planning now owns 14,869 shares of the company’s stock worth $269,000 after purchasing an additional 3,669 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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 purchasing an additional 559 shares during the last quarter. Acorn Wealth Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the third quarter worth $318,000. NBC Securities Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 5.4% during the second quarter. NBC Securities Inc. now owns 82,505 shares of the company’s stock valued at $1,432,000 after acquiring an additional 4,256 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its holdings in First Trust Preferred Securities and Income ETF by 108.4% during the second quarter. SteelPeak Wealth LLC now owns 56,838 shares of the company’s stock valued at $987,000 after buying an additional 29,559 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE opened at $17.94 on Tuesday. The firm has a fifty day simple moving average of $18.02 and a two-hundred day simple moving average of $17.73. First Trust Preferred Securities and Income ETF has a 52 week low of $16.41 and a 52 week high of $18.23.

First Trust Preferred Securities and Income ETF Profile

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.