SteelPeak Wealth LLC Grows Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

SteelPeak Wealth LLC lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 50.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,279 shares of the company’s stock after buying an additional 9,137 shares during the period. SteelPeak Wealth LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $472,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FPE. Truist Financial Corp increased its holdings in shares of First Trust Preferred Securities and Income ETF by 0.9% in the third quarter. Truist Financial Corp now owns 1,100,287 shares of the company’s stock worth $17,572,000 after buying an additional 9,493 shares during the period. Asset Allocation Strategies LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 6.0% in the third quarter. Asset Allocation Strategies LLC now owns 129,461 shares of the company’s stock worth $2,067,000 after purchasing an additional 7,304 shares during the last quarter. Comerica Bank bought a new stake in shares of First Trust Preferred Securities and Income ETF in the third quarter worth about $7,190,000. IMA Wealth Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 8.2% in the third quarter. IMA Wealth Inc. now owns 217,734 shares of the company’s stock worth $3,477,000 after purchasing an additional 16,421 shares during the last quarter. Finally, PFS Partners LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 1.1% in the third quarter. PFS Partners LLC now owns 341,776 shares of the company’s stock worth $5,458,000 after purchasing an additional 3,808 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

Shares of NYSEARCA FPE traded up $0.01 during trading hours on Friday, hitting $17.36. The company’s stock had a trading volume of 1,213,261 shares, compared to its average volume of 1,321,048. First Trust Preferred Securities and Income ETF has a 12 month low of $15.46 and a 12 month high of $17.45. The business has a 50-day simple moving average of $17.27 and a 200-day simple moving average of $17.15.

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.