Northbridge Financial Group LLC Takes Position in First Trust Preferred Securities and Income ETF $FPE

Northbridge Financial Group LLC purchased a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 90,554 shares of the company’s stock, valued at approximately $1,650,000.

Several other hedge funds have also made changes to their positions in FPE. Stonebridge Advisors LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1,312.3% in the 4th quarter. Stonebridge Advisors LLC now owns 2,368,824 shares of the company’s stock worth $40,181,000 after acquiring an additional 2,201,095 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 433.4% in the 2nd quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock worth $24,971,000 after acquiring an additional 1,139,866 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 29.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock worth $82,785,000 after acquiring an additional 1,041,910 shares during the last quarter. Integrity Wealth Advisors Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 84.7% in the 3rd quarter. Integrity Wealth Advisors Inc. now owns 2,132,730 shares of the company’s stock worth $38,447,000 after acquiring an additional 978,046 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 58.0% in the 2nd quarter. State of Tennessee Department of Treasury now owns 1,832,300 shares of the company’s stock worth $32,615,000 after acquiring an additional 672,400 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.92 on Wednesday. The firm’s 50 day moving average price is $18.00 and its 200-day moving average price is $18.19. First Trust Preferred Securities and Income ETF has a one year low of $17.33 and a one year high of $18.51.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.