Thurston Springer Miller Herd & Titak Inc. Has $96,000 Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 42.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,465 shares of the company’s stock after acquiring an additional 1,616 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $96,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth $151,643,000. Bank of America Corp DE grew its stake in shares of First Trust Preferred Securities and Income ETF by 104.3% in the fourth quarter. Bank of America Corp DE now owns 7,093,224 shares of the company’s stock worth $125,550,000 after acquiring an additional 3,621,383 shares during the last quarter. Stonebridge Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 1,097.6% in the 4th quarter. Stonebridge Advisors LLC now owns 2,289,907 shares of the company’s stock worth $40,531,000 after purchasing an additional 2,098,695 shares during the last quarter. Integrity Wealth Advisors Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $22,183,000. Finally, LPL Financial LLC increased its stake in First Trust Preferred Securities and Income ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 13,028,056 shares of the company’s stock valued at $230,597,000 after acquiring an additional 1,151,344 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 $17.61 on Friday. The business has a 50 day moving average price of $17.35 and a two-hundred day moving average price of $17.63. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month 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.