Moors & Cabot Inc. Buys 6,274 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Moors & Cabot Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,854 shares of the company’s stock after acquiring an additional 6,274 shares during the period. Moors & Cabot Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,750,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. LPL Financial LLC raised its stake in First Trust Preferred Securities and Income ETF by 9.5% in the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after buying an additional 1,035,105 shares in the last quarter. Raymond James Financial Inc. bought a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth approximately $151,643,000. HighTower Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 5.0% in the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock worth $49,777,000 after buying an additional 131,536 shares in the last quarter. Stifel Financial Corp raised its stake in First Trust Preferred Securities and Income ETF by 19.9% in the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock worth $37,227,000 after buying an additional 341,396 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 25.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,928,594 shares of the company’s stock worth $34,136,000 after purchasing an additional 396,606 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

NYSEARCA FPE opened at $17.68 on Thursday. The firm’s fifty day simple moving average is $17.76 and its two-hundred day simple moving average is $17.89. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month 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.