First Trust Preferred Securities and Income ETF $FPE is Midwest Heritage Bank FSB’s 10th Largest Position

Midwest Heritage Bank FSB boosted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 20.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 475,098 shares of the company’s stock after purchasing an additional 80,943 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 2.7% of Midwest Heritage Bank FSB’s holdings, making the stock its 10th largest position. Midwest Heritage Bank FSB’s holdings in First Trust Preferred Securities and Income ETF were worth $8,433,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 7.5% during the third quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock valued at $11,466,000 after buying an additional 44,103 shares during the period. Citigroup Inc. grew its stake in First Trust Preferred Securities and Income ETF by 17.2% in the 3rd quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock worth $17,969,000 after acquiring an additional 144,720 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in First Trust Preferred Securities and Income ETF in the 3rd quarter worth approximately $3,403,000. Econ Financial Services Corp acquired a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at $2,129,000. Finally, Stratos Wealth Partners LTD. raised its holdings in First Trust Preferred Securities and Income ETF by 17.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 427,459 shares of the company’s stock valued at $7,788,000 after acquiring an additional 62,762 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.99 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.54 and a fifty-two week high of $18.51. The business’s fifty day moving average is $18.03 and its two-hundred day moving average is $18.14.

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.