First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Bought by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC increased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 31.6% 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 32,658 shares of the company’s stock after buying an additional 7,841 shares during the period. Woodmont Investment Counsel LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FPE. Independent Wealth Network Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 0.5% in the 4th quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after purchasing an additional 567 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after buying an additional 826 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 5.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after buying an additional 829 shares during the period. US Bancorp DE lifted its position in First Trust Preferred Securities and Income ETF by 0.6% during the 4th quarter. US Bancorp DE now owns 153,440 shares of the company’s stock worth $2,717,000 after acquiring an additional 859 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 1.6% in the 4th quarter. DAVENPORT & Co LLC now owns 56,574 shares of the company’s stock worth $1,001,000 after acquiring an additional 883 shares during the period.

First Trust Preferred Securities and Income ETF Trading Up 0.2 %

FPE opened at $17.80 on Tuesday. The firm’s 50 day moving average is $17.77 and its 200-day moving average is $17.88. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23.

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.