Opulen Financial Group LLC Purchases Shares of 33,074 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Opulen Financial Group LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 33,074 shares of the company’s stock, valued at approximately $585,000.

A number of other institutional investors and hedge funds have also modified their holdings of FPE. LPL Financial LLC boosted its position in 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 valued at $214,968,000 after purchasing an additional 1,035,105 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter valued at $151,643,000. HighTower Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 5.0% during the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after purchasing an additional 131,536 shares during the last quarter. Stifel Financial Corp boosted its position in First Trust Preferred Securities and Income ETF by 19.9% during the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after purchasing an additional 341,396 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in First Trust Preferred Securities and Income ETF by 25.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,928,594 shares of the company’s stock valued at $34,136,000 after purchasing an additional 396,606 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.79 on Thursday. 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 has a fifty day moving average price of $17.76 and a 200 day moving average price of $17.89.

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.