First Trust Preferred Securities and Income ETF $FPE Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 14.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,964,486 shares of the company’s stock after buying an additional 383,261 shares during the quarter. Cetera Investment Advisers’ holdings in First Trust Preferred Securities and Income ETF were worth $52,620,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors purchased a new position in First Trust Preferred Securities and Income ETF during the 1st quarter valued at about $29,000. Brown Brothers Harriman & Co. purchased a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth about $45,000. Raleigh Capital Management Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 42.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock worth $46,000 after purchasing an additional 752 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of 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 purchasing an additional 1,373 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.74 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.54 and a fifty-two week high of $18.51. The company has a 50 day moving average price of $17.94 and a 200 day moving average price of $18.08.

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.