Secure Asset Management LLC Raises Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Secure Asset Management LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,786 shares of the company’s stock after purchasing an additional 4,902 shares during the period. Secure Asset Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FPE. Transce3nd LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter worth about $32,000. Promus Capital LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter worth about $35,000. Mattson Financial Services LLC lifted its position in First Trust Preferred Securities and Income ETF by 42.5% during the 4th quarter. Mattson Financial Services LLC now owns 3,753 shares of the company’s stock worth $68,000 after acquiring an additional 1,119 shares during the period. National Bank of Canada FI lifted its position in First Trust Preferred Securities and Income ETF by 55.8% during the 4th quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock worth $74,000 after acquiring an additional 1,500 shares during the period. Finally, Elevation Wealth Partners LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter worth about $129,000.

First Trust Preferred Securities and Income ETF Stock Up 0.2%

Shares of FPE opened at $17.60 on Thursday. The stock has a 50-day moving average of $17.35 and a two-hundred day moving average of $17.63. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year 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.