Private Advisor Group LLC Grows Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Private Advisor Group LLC raised its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 483,466 shares of the company’s stock after buying an additional 5,247 shares during the quarter. Private Advisor Group LLC owned about 0.15% of First Trust Preferred Securities and Income ETF worth $8,151,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FPE. First Horizon Advisors Inc. raised its position in First Trust Preferred Securities and Income ETF by 264.0% during the third quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock valued at $26,000 after acquiring an additional 1,201 shares in the last quarter. Cozad Asset Management Inc. acquired a new stake in First Trust Preferred Securities and Income ETF in the 3rd quarter worth about $160,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter worth approximately $190,000. Diversified LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $198,000. Finally, Carmichael Hill & Associates Inc. boosted its position in First Trust Preferred Securities and Income ETF by 10.9% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 12,388 shares of the company’s stock worth $209,000 after acquiring an additional 1,218 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE traded down $0.03 on Wednesday, reaching $17.29. 94,051 shares of the company’s stock were exchanged, compared to its average volume of 1,369,001. The stock’s fifty day moving average price is $17.21 and its 200-day moving average price is $16.82. First Trust Preferred Securities and Income ETF has a twelve month low of $15.46 and a twelve month high of $17.45.

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.