Falcon Wealth Planning Acquires 152,675 Shares of First Trust Preferred Securities and Income ETF $FPE

Falcon Wealth Planning grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,514,417 shares of the company’s stock after acquiring an additional 152,675 shares during the period. First Trust Preferred Securities and Income ETF comprises about 1.8% of Falcon Wealth Planning’s investment portfolio, making the stock its 15th biggest position. Falcon Wealth Planning owned about 0.43% of First Trust Preferred Securities and Income ETF worth $26,881,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Cozad Asset Management Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 4.9% during the third quarter. Cozad Asset Management Inc. now owns 12,405 shares of the company’s stock worth $226,000 after purchasing an additional 585 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 3.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,206 shares of the company’s stock worth $368,000 after purchasing an additional 628 shares in the last quarter. Visionary Wealth Advisors lifted its holdings in First Trust Preferred Securities and Income ETF by 0.9% in the 2nd quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock worth $1,233,000 after purchasing an additional 634 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 42.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock worth $46,000 after purchasing an additional 752 shares during the period. Finally, Centaurus Financial Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 7.3% during the 3rd quarter. Centaurus Financial Inc. now owns 11,840 shares of the company’s stock valued at $216,000 after buying an additional 810 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.6%

First Trust Preferred Securities and Income ETF stock opened at $17.88 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $17.54 and a 1 year high of $18.51. The firm’s 50 day moving average price is $18.02 and its 200-day moving average price is $18.13.

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.