MGB Wealth Management LLC Acquires Shares of 27,000 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

MGB Wealth Management LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 27,000 shares of the company’s stock, valued at approximately $490,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FPE. Quadrature Capital Ltd purchased a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter valued at approximately $286,000. Kinloch Capital LLC raised its stake in First Trust Preferred Securities and Income ETF by 33.3% during the 1st quarter. Kinloch Capital LLC now owns 345,421 shares of the company’s stock valued at $5,983,000 after acquiring an additional 86,199 shares during the last quarter. Waverly Advisors LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter valued at approximately $11,610,000. B. Riley Wealth Advisors Inc. raised its stake in First Trust Preferred Securities and Income ETF by 673.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 171,273 shares of the company’s stock valued at $2,735,000 after acquiring an additional 149,128 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter valued at approximately $870,000.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

FPE opened at $17.81 on Friday. The business has a 50 day moving average price of $18.05 and a two-hundred day moving average price of $17.70. First Trust Preferred Securities and Income ETF has a 52 week low of $16.11 and a 52 week 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.