Aspen Investment Management Inc Raises Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Aspen Investment Management Inc increased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,335 shares of the company’s stock after buying an additional 17,119 shares during the period. First Trust Preferred Securities and Income ETF accounts for about 1.9% of Aspen Investment Management Inc’s investment portfolio, making the stock its 10th biggest holding. Aspen Investment Management Inc owned approximately 0.08% of First Trust Preferred Securities and Income ETF worth $4,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC grew its holdings in First Trust Preferred Securities and Income ETF by 1,642.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock worth $279,530,000 after acquiring an additional 1,455,731 shares during the period. Falcon Wealth Planning bought a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $19,169,000. LPL Financial LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 9.5% during the third 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 during the period. Barclays PLC bought a new stake in First Trust Preferred Securities and Income ETF in the third quarter valued at about $12,838,000. Finally, Advisory Alpha LLC acquired a new position in First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $11,641,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.84 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23. The stock’s 50-day moving average price is $17.75 and its two-hundred day moving average price is $17.87.

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.