First Trust Preferred Securities and Income ETF $FPE Stock Bought by Parkside Investments LLC

Parkside Investments LLC grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,091,994 shares of the company’s stock after acquiring an additional 70,863 shares during the quarter. First Trust Preferred Securities and Income ETF comprises approximately 2.1% of Parkside Investments LLC’s portfolio, making the stock its 9th biggest holding. Parkside Investments LLC owned approximately 0.31% of First Trust Preferred Securities and Income ETF worth $18,618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FPE. Fifth Third Bancorp purchased a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter worth about $8,484,000. Bank of America Corp DE raised its stake in First Trust Preferred Securities and Income ETF by 5.4% in the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock valued at $153,578,000 after purchasing an additional 446,585 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Preferred Securities and Income ETF by 14.8% in the 1st quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock valued at $52,620,000 after purchasing an additional 383,261 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 54.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 862,964 shares of the company’s stock valued at $15,430,000 after purchasing an additional 303,103 shares in the last quarter. Finally, Asset Allocation Strategies LLC purchased a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at about $3,764,000.

First Trust Preferred Securities and Income ETF Stock Down 0.1%

First Trust Preferred Securities and Income ETF stock opened at $17.05 on Wednesday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.94 and a 12-month high of $18.48. The firm’s 50-day moving average is $17.42 and its two-hundred day moving average is $17.77.

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.