Aspen Wealth Strategies LLC Has $1.14 Million Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Aspen Wealth Strategies LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 26.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 64,312 shares of the company’s stock after buying an additional 13,353 shares during the period. First Trust Preferred Securities and Income ETF accounts for approximately 0.7% of Aspen Wealth Strategies LLC’s holdings, making the stock its 23rd largest position. Aspen Wealth Strategies LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,138,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 96.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after purchasing an additional 826 shares in the last quarter. Promus Capital LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth approximately $35,000. ORG Partners LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 435.3% during the fourth 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 acquired a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth approximately $181,000.

First Trust Preferred Securities and Income ETF Trading Up 0.2 %

Shares of FPE stock opened at $17.70 on Tuesday. 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’s 50 day moving average is $17.75 and its 200-day moving average is $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.