First Trust Preferred Securities and Income ETF $FPE Shares Acquired by Seros Financial LLC

Seros Financial LLC increased its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 611,026 shares of the company’s stock after purchasing an additional 55,770 shares during the quarter. First Trust Preferred Securities and Income ETF makes up approximately 5.3% of Seros Financial LLC’s portfolio, making the stock its 8th largest position. Seros Financial LLC owned about 0.18% of First Trust Preferred Securities and Income ETF worth $10,418,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in First Trust Preferred Securities and Income ETF in the 1st quarter valued at approximately $8,484,000. Bank of America Corp DE lifted its position in First Trust Preferred Securities and Income ETF by 5.4% in the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock worth $153,578,000 after buying an additional 446,585 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Preferred Securities and Income ETF by 14.8% during the 1st quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock valued at $52,620,000 after buying an additional 383,261 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 54.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 862,964 shares of the company’s stock valued at $15,430,000 after buying an additional 303,103 shares during the period. Finally, Asset Allocation Strategies LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $3,764,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE opened at $16.92 on Friday. The firm has a fifty day moving average of $17.38 and a two-hundred day moving average of $17.76. First Trust Preferred Securities and Income ETF has a 12-month low of $16.89 and a 12-month high of $18.48.

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.