First Trust Preferred Securities and Income ETF $FPE Shares Bought by Newman Dignan & Sheerar Inc.

Newman Dignan & Sheerar Inc. increased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 449,530 shares of the company’s stock after purchasing an additional 43,759 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for 1.7% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 11th largest position. Newman Dignan & Sheerar Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $8,190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Falcon Wealth Planning boosted its stake in shares of First Trust Preferred Securities and Income ETF by 6.4% in the third quarter. Falcon Wealth Planning now owns 1,275,937 shares of the company’s stock valued at $23,273,000 after purchasing an additional 77,011 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 7.5% in the third quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock valued at $11,466,000 after purchasing an additional 44,103 shares during the period. Asset Allocation Strategies LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at $3,232,000. Citigroup Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 17.2% in the third quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock valued at $17,969,000 after purchasing an additional 144,720 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at $652,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.98 on Thursday. The firm has a fifty day simple moving average of $18.13 and a 200-day simple moving average of $18.24. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve 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.