Kingswood Wealth Advisors LLC Increases Holdings in First Trust Preferred Securities and Income ETF $FPE

Kingswood Wealth Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 87.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 812,847 shares of the company’s stock after buying an additional 379,640 shares during the period. First Trust Preferred Securities and Income ETF comprises 1.1% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. Kingswood Wealth Advisors LLC owned 0.24% of First Trust Preferred Securities and Income ETF worth $14,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. LVZ Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.8% in the first quarter. LVZ Inc. now owns 24,142 shares of the company’s stock worth $425,000 after buying an additional 667 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 12.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock worth $110,000 after buying an additional 695 shares during the period. Brown Advisory Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 1.3% in the first quarter. Brown Advisory Inc. now owns 57,241 shares of the company’s stock worth $1,007,000 after buying an additional 740 shares during the period. Realta Investment Advisors increased its holdings in First Trust Preferred Securities and Income ETF by 5.0% during the 1st quarter. Realta Investment Advisors now owns 18,258 shares of the company’s stock valued at $321,000 after purchasing an additional 864 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in First Trust Preferred Securities and Income ETF by 7.4% during the 1st quarter. Perigon Wealth Management LLC now owns 13,273 shares of the company’s stock valued at $233,000 after purchasing an additional 909 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $18.28 on Tuesday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.42. The stock’s 50-day moving average is $18.15 and its 200 day moving average is $17.76.

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.