First Trust Preferred Securities and Income ETF $FPE Holdings Boosted by Park National Corp OH

Park National Corp OH grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.3% in the third quarter, Holdings Channel.com reports. The firm owned 1,947,034 shares of the company’s stock after purchasing an additional 43,467 shares during the period. First Trust Preferred Securities and Income ETF comprises approximately 0.9% of Park National Corp OH’s investment portfolio, making the stock its 29th largest position. Park National Corp OH’s holdings in First Trust Preferred Securities and Income ETF were worth $33,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. World Investment Advisors bought a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth about $526,000. Baird Financial Group Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 3.4% in the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock valued at $36,272,000 after buying an additional 66,507 shares during the period. Evolve Private Wealth LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $3,423,000. Compass Financial Management LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the second quarter worth about $2,536,000. Finally, Midwest Heritage Bank FSB increased its stake in First Trust Preferred Securities and Income ETF by 20.5% during the first quarter. Midwest Heritage Bank FSB now owns 475,098 shares of the company’s stock valued at $8,433,000 after acquiring an additional 80,943 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE traded down $0.04 during midday trading on Monday, reaching $17.05. The company’s stock had a trading volume of 915,390 shares, compared to its average volume of 1,308,940. The business’s fifty day simple moving average is $17.59 and its 200-day simple moving average is $17.83. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.96 and a fifty-two week high of $18.51.

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.