Commonwealth Equity Services LLC Acquires 122,741 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Commonwealth Equity Services LLC grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,448,359 shares of the company’s stock after acquiring an additional 122,741 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $25,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Raleigh Capital Management Inc. grew its holdings 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 valued at $30,000 after buying an additional 826 shares in the last quarter. Promus Capital LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth $35,000. ORG Partners LLC grew its stake in First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after acquiring an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares during the last quarter. Finally, Ehrlich Financial Group bought a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $181,000.

First Trust Preferred Securities and Income ETF Trading Up 0.3 %

NYSEARCA:FPE opened at $17.66 on Monday. The business’s 50-day moving average is $17.76 and its 200 day 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.

First Trust Preferred Securities and Income ETF Company 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.