Private Advisor Group LLC Increases Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Private Advisor Group LLC boosted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 144.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 879,316 shares of the company’s stock after buying an additional 520,161 shares during the period. Private Advisor Group LLC owned approximately 0.29% of First Trust Preferred Securities and Income ETF worth $15,564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of FPE. Farther Finance Advisors LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after acquiring an additional 559 shares during the period. Independent Wealth Network Inc. grew its position in First Trust Preferred Securities and Income ETF by 0.5% during the 4th quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock worth $1,921,000 after purchasing an additional 567 shares during the period. Aspen Wealth Strategies LLC grew its position in First Trust Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock worth $922,000 after purchasing an additional 593 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% during the 4th 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 during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.3% in 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.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

First Trust Preferred Securities and Income ETF stock opened at $17.85 on Thursday. The business’s 50-day moving average price is $17.75 and its 200 day moving average price is $17.87. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week high of $18.23.

First Trust Preferred Securities and Income ETF Company 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.