Columbia Advisory Partners LLC Has $565,000 Position in First Trust Preferred Securities and Income ETF $FPE

Columbia Advisory Partners LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,730 shares of the company’s stock after purchasing an additional 2,605 shares during the quarter. Columbia Advisory Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Morey & Quinn Wealth Partners LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 11.6% during the 2nd quarter. Morey & Quinn Wealth Partners LLC now owns 25,703 shares of the company’s stock valued at $458,000 after purchasing an additional 2,678 shares in the last quarter. TI Trust Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 19.5% during the 2nd quarter. TI Trust Inc. now owns 26,424 shares of the company’s stock valued at $470,000 after purchasing an additional 4,320 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 87.6% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 812,847 shares of the company’s stock valued at $14,469,000 after purchasing an additional 379,640 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 73.9% during the 2nd quarter. Belpointe Asset Management LLC now owns 20,628 shares of the company’s stock valued at $367,000 after purchasing an additional 8,763 shares in the last quarter. Finally, Appleton Partners Inc. MA bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $242,000.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $18.30 on Thursday. The firm’s fifty day simple moving average is $18.17 and its 200-day simple moving average is $17.77. First Trust Preferred Securities and Income ETF has a 1-year low of $16.77 and a 1-year high of $18.42.

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.