Principal Securities Inc. Acquires 30,877 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Principal Securities Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 38.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,639 shares of the company’s stock after acquiring an additional 30,877 shares during the period. Principal Securities Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raleigh Capital Management Inc. raised its stake in 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 acquiring an additional 826 shares during the period. ORG Partners LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after purchasing an additional 2,500 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after buying an additional 3,130 shares in the last quarter. FSC Wealth Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 75.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after buying an additional 1,648 shares during the period. Finally, Ehrlich Financial Group purchased a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter worth $181,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.87 on Wednesday. The stock’s 50-day simple moving average is $17.76 and its 200-day simple moving average is $17.87. 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.