Aspen Investment Management Inc Acquires 17,119 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Aspen Investment Management Inc boosted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 234,335 shares of the company’s stock after purchasing an additional 17,119 shares during the period. First Trust Preferred Securities and Income ETF accounts for approximately 1.9% of Aspen Investment Management Inc’s portfolio, making the stock its 10th biggest position. Aspen Investment Management Inc’s holdings in First Trust Preferred Securities and Income ETF were worth $4,148,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. WealthBridge Capital Management LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 4.1% during the 4th quarter. WealthBridge Capital Management LLC now owns 85,844 shares of the company’s stock valued at $1,519,000 after purchasing an additional 3,357 shares in the last quarter. Private Advisor Group LLC raised its holdings in First Trust Preferred Securities and Income ETF by 144.8% during the 4th quarter. Private Advisor Group LLC now owns 879,316 shares of the company’s stock worth $15,564,000 after buying an additional 520,161 shares during the period. Traction Financial Partners LLC lifted its stake in First Trust Preferred Securities and Income ETF by 1.9% in the fourth quarter. Traction Financial Partners LLC now owns 264,456 shares of the company’s stock valued at $4,681,000 after buying an additional 4,910 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 14.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 186,672 shares of the company’s stock valued at $3,304,000 after buying an additional 23,067 shares during the period. Finally, Truist Financial Corp boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 4.1% in the fourth quarter. Truist Financial Corp now owns 979,266 shares of the company’s stock valued at $17,333,000 after buying an additional 38,527 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.84 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23. The company’s fifty day simple moving average is $17.75 and its 200 day simple moving average is $17.87.

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.