Tudor Financial Inc. Raises Stake in First Trust Preferred Securities and Income ETF $FPE

Tudor Financial Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12,139.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,937 shares of the company’s stock after acquiring an additional 49,529 shares during the period. Tudor Financial Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $893,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Ascentis Independent Advisors purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at $29,000. Allied Private Wealth LLC purchased a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter worth $30,000. Brown Brothers Harriman & Co. purchased a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth $45,000. 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 worth $52,000 after purchasing an additional 1,373 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA FPE opened at $17.64 on Friday. The company has a 50-day simple moving average of $17.81 and a two-hundred day simple moving average of $17.96. First Trust Preferred Securities and Income ETF has a 12-month low of $17.54 and a 12-month high of $18.51.

First Trust Preferred Securities and Income ETF 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.