Tcfg Wealth Management LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,738 shares of the company’s stock, valued at approximately $581,000.
Several other institutional investors have also modified their holdings of FPE. Brown Brothers Harriman & Co. acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $39,000. Ameriflex Group Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 339.3% during the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock worth $43,000 after buying an additional 1,832 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $45,000. Raleigh Capital Management Inc. lifted its stake in 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 in the last quarter. Finally, Larson Financial Group LLC lifted its stake in First Trust Preferred Securities and Income ETF by 91.5% in the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after buying an additional 1,373 shares in the last quarter.
First Trust Preferred Securities and Income ETF Trading Down 0.2%
First Trust Preferred Securities and Income ETF stock opened at $17.88 on Wednesday. The company has a 50 day moving average of $18.01 and a 200-day moving average of $18.12. First Trust Preferred Securities and Income ETF has a twelve month low of $17.54 and a twelve month 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.
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