Secure Asset Management LLC Has $494,000 Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Secure Asset Management LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 27,884 shares of the company’s stock after buying an additional 1,467 shares during the quarter. Secure Asset Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FPE. Seros Financial LLC bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $6,962,000. Raleigh Capital Management Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 96.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after buying an additional 826 shares during the period. Independent Wealth Network Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 0.5% in the 4th quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after acquiring an additional 567 shares during the last quarter. Magnus Financial Group LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 4.0% in the 4th quarter. Magnus Financial Group LLC now owns 1,482,254 shares of the company’s stock valued at $26,236,000 after acquiring an additional 57,194 shares during the period. Finally, Advisory Alpha LLC bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $11,641,000.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

Shares of NYSEARCA:FPE opened at $17.72 on Friday. The company has a 50 day moving average price of $17.80 and a two-hundred day moving average price of $17.84. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 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.