First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Position Raised by Magnus Financial Group LLC

Magnus Financial Group LLC raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,525,910 shares of the company’s stock after purchasing an additional 43,656 shares during the period. First Trust Preferred Securities and Income ETF makes up approximately 2.6% of Magnus Financial Group LLC’s holdings, making the stock its 9th largest holding. Magnus Financial Group LLC owned approximately 0.46% of First Trust Preferred Securities and Income ETF worth $26,841,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Transce3nd LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth approximately $32,000. Promus Capital LLC purchased a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $35,000. Mattson Financial Services LLC increased its stake in First Trust Preferred Securities and Income ETF by 42.5% in the 4th quarter. Mattson Financial Services LLC now owns 3,753 shares of the company’s stock worth $68,000 after purchasing an additional 1,119 shares during the period. National Bank of Canada FI increased its stake in shares of First Trust Preferred Securities and Income ETF by 55.8% in the fourth quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock worth $74,000 after buying an additional 1,500 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 42.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,465 shares of the company’s stock worth $96,000 after buying an additional 1,616 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.2%

Shares of NYSEARCA FPE opened at $17.63 on Friday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.23. The firm’s fifty day moving average is $17.35 and its 200 day moving average is $17.63.

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.