Curran Financial Partners LLC Buys Shares of 321,142 First Trust Preferred Securities and Income ETF $FPE

Curran Financial Partners LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 321,142 shares of the company’s stock, valued at approximately $5,716,000. First Trust Preferred Securities and Income ETF makes up about 1.3% of Curran Financial Partners LLC’s investment portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of First Trust Preferred Securities and Income ETF by 2.9% during the first quarter. Royal Bank of Canada now owns 17,296,239 shares of the company’s stock valued at $304,241,000 after purchasing an additional 495,358 shares in the last quarter. LPL Financial LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 10.2% during the first quarter. LPL Financial LLC now owns 14,362,757 shares of the company’s stock valued at $252,641,000 after purchasing an additional 1,334,701 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 3.6% during the first quarter. Raymond James Financial Inc. now owns 8,879,611 shares of the company’s stock valued at $156,192,000 after purchasing an additional 312,207 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 41.5% during the first quarter. Ameriprise Financial Inc. now owns 3,464,598 shares of the company’s stock valued at $60,938,000 after purchasing an additional 1,016,528 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 3.6% during the first quarter. Kestra Advisory Services LLC now owns 2,566,326 shares of the company’s stock valued at $45,142,000 after purchasing an additional 89,663 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $18.27 on Friday. The firm has a 50 day moving average of $18.14 and a 200 day moving average of $17.76. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.42.

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.