27,000 Shares in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Acquired by MGB Wealth Management LLC

MGB Wealth Management LLC purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the third quarter, HoldingsChannel reports. The fund purchased 27,000 shares of the company’s stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after acquiring an additional 1,035,105 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 2.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,552,458 shares of the company’s stock worth $96,391,000 after acquiring an additional 157,982 shares during the period. Prospera Financial Services Inc grew its holdings in shares of First Trust Preferred Securities and Income ETF by 15.7% in the 3rd quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock worth $29,362,000 after acquiring an additional 220,692 shares during the period. International Assets Investment Management LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 1,642.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock worth $279,530,000 after acquiring an additional 1,455,731 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 4.1% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,531,988 shares of the company’s stock worth $27,729,000 after acquiring an additional 59,919 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $17.81 on Friday. The stock’s 50 day simple moving average is $18.05 and its 200 day simple moving average is $17.70. First Trust Preferred Securities and Income ETF has a 1-year low of $16.11 and a 1-year 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.