PFS Partners LLC Acquires 7,793 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

PFS Partners LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 351,221 shares of the company’s stock after acquiring an additional 7,793 shares during the period. First Trust Preferred Securities and Income ETF accounts for 3.6% of PFS Partners LLC’s portfolio, making the stock its 11th largest holding. PFS Partners LLC owned approximately 0.11% of First Trust Preferred Securities and Income ETF worth $6,357,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FPE. Opal Wealth Advisors LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at $26,000. Ameliora Wealth Management Ltd. grew its holdings in First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after acquiring an additional 690 shares in the last quarter. FSC Wealth Advisors LLC increased its position in First Trust Preferred Securities and Income ETF by 85.3% during the 2nd quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the period. Larson Financial Group LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 117.1% in the 2nd quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock worth $46,000 after purchasing an additional 1,441 shares during the period. Finally, Mattson Financial Services LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at approximately $46,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $18.10 on Friday. The firm has a 50-day simple moving average of $18.04 and a two-hundred day simple moving average of $17.64. First Trust Preferred Securities and Income ETF has a one year low of $15.92 and a one year 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.