Sovran Advisors LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 40,153 shares of the company’s stock, valued at approximately $705,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC raised its stake in First Trust Preferred Securities and Income ETF by 1,642.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock valued at $279,530,000 after acquiring an additional 1,455,731 shares in the last quarter. Falcon Wealth Planning acquired a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at $19,169,000. LPL Financial LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 9.5% during the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after purchasing an additional 1,035,105 shares in the last quarter. Barclays PLC acquired a new stake in First Trust Preferred Securities and Income ETF in the third quarter worth about $12,838,000. Finally, Advisory Alpha LLC bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $11,641,000.
First Trust Preferred Securities and Income ETF Price Performance
First Trust Preferred Securities and Income ETF stock opened at $17.82 on Wednesday. The company’s 50-day moving average price is $17.77 and its two-hundred day moving average price is $17.86. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 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.
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Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report).
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