HighTower Advisors LLC Acquires 38,814 Shares of First Trust Preferred Securities and Income ETF $FPE

HighTower Advisors LLC lifted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,300,695 shares of the company’s stock after purchasing an additional 38,814 shares during the quarter. HighTower Advisors LLC owned 0.93% of First Trust Preferred Securities and Income ETF worth $60,139,000 as of its most recent SEC filing.

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

First Trust Preferred Securities and Income ETF Stock Up 0.4%

NYSEARCA:FPE opened at $17.99 on Thursday. The stock’s 50-day simple moving average is $18.00 and its 200 day simple moving average is $18.19. First Trust Preferred Securities and Income ETF has a 52-week low of $17.33 and a 52-week high of $18.51.

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.