Commonwealth Equity Services LLC Increases Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Commonwealth Equity Services LLC grew its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,448,359 shares of the company’s stock after purchasing an additional 122,741 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.47% of First Trust Preferred Securities and Income ETF worth $25,636,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raleigh Capital Management Inc. grew its position 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 worth $30,000 after buying an additional 826 shares during the last quarter. Promus Capital LLC bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at $35,000. ORG Partners LLC increased its position in First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after purchasing an additional 2,500 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after purchasing an additional 3,130 shares in the last quarter. Finally, Ehrlich Financial Group purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth about $181,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $17.66 on Monday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23. The firm has a 50-day moving average of $17.76 and a 200 day moving average of $17.89.

About First Trust Preferred Securities and Income ETF

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.