Affinity Wealth Management LLC increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,375,206 shares of the company’s stock after buying an additional 46,652 shares during the period. First Trust Preferred Securities and Income ETF makes up approximately 4.3% of Affinity Wealth Management LLC’s holdings, making the stock its 11th biggest position. Affinity Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $24,341,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of FPE. LPL Financial LLC increased its stake in 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 purchasing an additional 1,035,105 shares in the last quarter. HighTower Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 5.0% during the 3rd quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock worth $49,777,000 after purchasing 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% during the 3rd quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after purchasing an additional 341,396 shares during the period. Rockefeller Capital Management L.P. raised its position in First Trust Preferred Securities and Income ETF by 1.2% during the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock valued at $33,290,000 after buying an additional 21,624 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in 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 in the last quarter.
First Trust Preferred Securities and Income ETF Stock Down 0.1 %
NYSEARCA:FPE opened at $17.72 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two week high of $18.23. The stock’s 50-day moving average is $17.80 and its two-hundred day moving average is $17.84.
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.
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Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report).
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