McElhenny Sheffield Capital Management LLC Invests $253,000 in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

McElhenny Sheffield Capital Management LLC bought a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,385 shares of the company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Level Four Advisory Services LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 2.5% in the fourth quarter. Level Four Advisory Services LLC now owns 33,172 shares of the company’s stock valued at $587,000 after purchasing an additional 799 shares in the last quarter. US Bancorp DE raised its position in First Trust Preferred Securities and Income ETF by 0.6% during the fourth quarter. US Bancorp DE now owns 153,440 shares of the company’s stock valued at $2,717,000 after buying an additional 859 shares during the period. Kraematon Investment Advisors Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 2.3% in the 1st quarter. Kraematon Investment Advisors Inc. now owns 48,933 shares of the company’s stock worth $861,000 after acquiring an additional 1,100 shares in the last quarter. Mattson Financial Services LLC boosted its position in First Trust Preferred Securities and Income ETF by 42.5% during the 4th quarter. Mattson Financial Services LLC now owns 3,753 shares of the company’s stock worth $68,000 after acquiring an additional 1,119 shares during the period. Finally, DeDora Capital Inc. grew its stake in First Trust Preferred Securities and Income ETF by 10.8% during the 4th quarter. DeDora Capital Inc. now owns 14,129 shares of the company’s stock valued at $250,000 after acquiring an additional 1,381 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1%

Shares of FPE opened at $17.67 on Thursday. The business’s 50-day moving average is $17.36 and its 200-day moving average is $17.63. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.23.

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.