40,153 Shares in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Bought by Sovran Advisors LLC

Sovran Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 40,153 shares of the company’s stock, valued at approximately $705,000.

A number of other institutional investors and hedge funds also recently modified their holdings of FPE. Raleigh Capital Management Inc. boosted 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. ORG Partners LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after acquiring an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 435.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares during the period. FSC Wealth Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after purchasing an additional 1,648 shares during the last quarter. Finally, Ehrlich Financial Group acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $181,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.82 on Wednesday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23. The stock’s 50 day simple moving average is $17.77 and its 200 day simple moving average is $17.86.

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.