Kestra Advisory Services LLC Purchases 108,076 Shares of First Trust Preferred Securities and Income ETF $FPE

Kestra Advisory Services LLC boosted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,425,646 shares of the company’s stock after buying an additional 108,076 shares during the period. Kestra Advisory Services LLC owned approximately 0.69% of First Trust Preferred Securities and Income ETF worth $43,055,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $29,000. Brown Brothers Harriman & Co. acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $45,000. Raleigh Capital Management Inc. increased its stake in First Trust Preferred Securities and Income ETF by 42.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after acquiring an additional 752 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 91.5% in the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after acquiring an additional 1,373 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.94 on Friday. The firm has a 50 day simple moving average of $17.99 and a two-hundred day simple moving average of $18.11. First Trust Preferred Securities and Income ETF has a one year low of $17.54 and a one year 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.