Patten Group Inc. Grows Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Patten Group Inc. increased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 89,212 shares of the company’s stock after purchasing an additional 11,916 shares during the quarter. Patten Group Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,579,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. raised its stake in shares of 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 worth $30,000 after buying an additional 826 shares during the last quarter. ORG Partners LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 435.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after purchasing an additional 3,130 shares during the last quarter. Ehrlich Financial Group acquired a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $181,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after acquiring an additional 559 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.85 on Tuesday. The stock’s fifty day simple moving average is $17.76 and its 200-day simple moving average is $17.89. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week 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.