First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stake Raised by Walker Asset Management LLC

Walker Asset Management LLC lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.1% in the 4th quarter, Holdings Channel reports. The firm owned 130,235 shares of the company’s stock after purchasing an additional 12,000 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for approximately 1.4% of Walker Asset Management LLC’s portfolio, making the stock its 10th biggest position. Walker Asset Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kraematon Investment Advisors Inc. boosted its position in First Trust Preferred Securities and Income ETF by 34.2% during the fourth quarter. Kraematon Investment Advisors Inc. now owns 47,833 shares of the company’s stock worth $847,000 after purchasing an additional 12,183 shares in the last quarter. Meridian Financial Partners LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth about $742,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 buying an additional 3,130 shares in the last quarter. Park Avenue Securities LLC increased its holdings in First Trust Preferred Securities and Income ETF by 56.5% during the 4th quarter. Park Avenue Securities LLC now owns 252,236 shares of the company’s stock valued at $4,465,000 after acquiring an additional 91,107 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in First Trust Preferred Securities and Income ETF by 33.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 25,863 shares of the company’s stock worth $458,000 after acquiring an additional 6,554 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

Shares of NYSEARCA FPE opened at $17.76 on Friday. The firm’s 50-day moving average is $17.82 and its two-hundred day moving average is $17.83. First Trust Preferred Securities and Income ETF has a 12-month low of $16.82 and a 12-month high of $18.23.

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.