Twelve Points Wealth Management LLC Acquires 50,111 Shares of First Trust Preferred Securities and Income ETF $FPE

Twelve Points Wealth Management LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 570,695 shares of the company’s stock after acquiring an additional 50,111 shares during the period. First Trust Preferred Securities and Income ETF comprises approximately 2.4% of Twelve Points Wealth Management LLC’s holdings, making the stock its 9th largest holding. Twelve Points Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $10,455,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Trust Co. of Vermont boosted its stake in First Trust Preferred Securities and Income ETF by 85.1% in the third quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after purchasing an additional 893 shares in the last quarter. Rossby Financial LCC increased its stake in shares of First Trust Preferred Securities and Income ETF by 469.7% in the third quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after buying an additional 1,935 shares in the last quarter. Ameriflex Group Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 339.3% in the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after buying an additional 1,832 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 42.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after buying an additional 752 shares during the last quarter. Finally, Triumph Capital Management bought a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at about $61,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1%

Shares of FPE stock opened at $18.03 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.91 and a 1 year high of $18.51. The firm’s 50 day moving average is $18.12 and its 200-day moving average is $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. FPE was launched on Feb 12, 2013 and is managed by First Trust.