22,857 Shares in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Acquired by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, Holdings Channel.com reports. The firm purchased 22,857 shares of the company’s stock, valued at approximately $405,000.

Several other hedge funds have also made changes to their positions in FPE. Independent Wealth Network Inc. raised its stake in First Trust Preferred Securities and Income ETF by 0.5% during the 4th quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after purchasing an additional 567 shares during the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 96.6% in 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 during the period. Orion Portfolio Solutions LLC increased its stake in First Trust Preferred Securities and Income ETF by 5.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock worth $298,000 after purchasing an additional 829 shares in the last quarter. US Bancorp DE boosted its position in shares of First Trust Preferred Securities and Income ETF by 0.6% during the fourth quarter. US Bancorp DE now owns 153,440 shares of the company’s stock worth $2,717,000 after buying an additional 859 shares during the period. Finally, DAVENPORT & Co LLC grew its position in First Trust Preferred Securities and Income ETF by 1.6% in the fourth quarter. DAVENPORT & Co LLC now owns 56,574 shares of the company’s stock valued at $1,001,000 after purchasing an additional 883 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.80 on Wednesday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 and a 1-year high of $18.23. The company’s fifty day simple moving average is $17.77 and its 200 day simple moving average is $17.88.

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.