Simon Quick Advisors LLC Purchases New Position in First Trust Preferred Securities and Income ETF $FPE

Simon Quick Advisors LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 30,636 shares of the company’s stock, valued at approximately $544,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC raised its holdings in First Trust Preferred Securities and Income ETF by 53.0% in the 1st quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock worth $4,626,000 after acquiring an additional 91,118 shares during the last quarter. First Trust Advisors LP boosted its stake in First Trust Preferred Securities and Income ETF by 0.9% during the 2nd quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock valued at $2,911,000 after purchasing an additional 1,496 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $249,000. NewEdge Advisors LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.5% in the 2nd quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock worth $6,619,000 after purchasing an additional 9,236 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter worth $263,000.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $17.94 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 business has a fifty day moving average price of $17.96 and a 200-day moving average price of $18.10.

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.