Matrix Trust Co Acquires 25,048 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Matrix Trust Co boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 37.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,822 shares of the company’s stock after purchasing an additional 25,048 shares during the period. Matrix Trust Co’s holdings in First Trust Preferred Securities and Income ETF were worth $1,633,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FPE. Transce3nd LLC bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth $32,000. Promus Capital LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $35,000. Mattson Financial Services LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 42.5% during the fourth quarter. Mattson Financial Services LLC now owns 3,753 shares of the company’s stock valued at $68,000 after acquiring an additional 1,119 shares during the last quarter. National Bank of Canada FI raised its stake in shares of First Trust Preferred Securities and Income ETF by 55.8% during the fourth quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock valued at $74,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Elevation Wealth Partners LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the first quarter valued at about $129,000.

First Trust Preferred Securities and Income ETF Stock Up 0.2%

Shares of NYSEARCA:FPE opened at $17.60 on Thursday. The company has a 50-day moving average price of $17.35 and a 200-day moving average price of $17.63. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.23.

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.