Cullen Frost Bankers Inc. Buys 34,389 Shares of First Trust Preferred Securities and Income ETF $FPE

Cullen Frost Bankers Inc. increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 108.9% during the fourth quarter, HoldingsChannel reports. The firm owned 65,971 shares of the company’s stock after acquiring an additional 34,389 shares during the period. Cullen Frost Bankers Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Stonebridge Advisors LLC boosted its holdings 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 worth $40,181,000 after acquiring an additional 2,201,095 shares during the period. Jane Street Group LLC grew 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 purchasing an additional 1,139,866 shares in the last quarter. Ameriprise Financial Inc. grew 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 purchasing an additional 1,041,910 shares in the last quarter. Integrity Wealth Advisors Inc. grew 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 purchasing an additional 978,046 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew 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 purchasing an additional 672,400 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.6%

Shares of NYSEARCA FPE opened at $17.89 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.33 and a fifty-two week high of $18.51. The stock has a fifty day moving average of $17.99 and a 200-day moving average of $18.18.

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.