Burke & Herbert Bank & Trust Co. Buys Shares of 24,688 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Burke & Herbert Bank & Trust Co. bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 2nd quarter, Holdings Channel reports. The fund bought 24,688 shares of the company’s stock, valued at approximately $429,000.

Several other institutional investors also recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF in the second quarter valued at approximately $26,000. Bogart Wealth LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter valued at $36,000. Indiana Trust & Investment Management CO acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter worth $49,000. Finally, Creekmur Asset Management LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $116,000.

First Trust Preferred Securities and Income ETF Trading Up 0.6 %

NYSEARCA FPE opened at $17.67 on Wednesday. First Trust Preferred Securities and Income ETF has a 12 month low of $15.46 and a 12 month high of $17.70. The stock has a 50-day simple moving average of $17.47 and a 200 day simple moving average of $17.29.

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.