Falcon Wealth Planning Makes New $19.17 Million Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Falcon Wealth Planning acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,082,971 shares of the company’s stock, valued at approximately $19,169,000. First Trust Preferred Securities and Income ETF comprises about 2.1% of Falcon Wealth Planning’s holdings, making the stock its 17th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in FPE. Stonebridge Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 25.1% during the second quarter. Stonebridge Advisors LLC now owns 228,435 shares of the company’s stock worth $3,966,000 after acquiring an additional 45,880 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of First Trust Preferred Securities and Income ETF by 11.4% during the 2nd quarter. Bank of Montreal Can now owns 245,835 shares of the company’s stock worth $4,287,000 after purchasing an additional 25,167 shares during the period. Advisory Alpha LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 150.3% during the 2nd quarter. Advisory Alpha LLC now owns 552,002 shares of the company’s stock worth $9,583,000 after purchasing an additional 331,469 shares during the period. Creekside Partners acquired a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $354,000. Finally, Sanctuary Advisors LLC purchased a new position in First Trust Preferred Securities and Income ETF in the second quarter valued at approximately $5,267,000.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $17.73 on Wednesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23. The company has a 50 day moving average of $17.79 and a two-hundred day moving average of $17.85.

First Trust Preferred Securities and Income ETF 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.