Bright Futures Wealth Management LLC. Increases Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Bright Futures Wealth Management LLC. grew its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,663 shares of the company’s stock after purchasing an additional 3,090 shares during the quarter. First Trust Preferred Securities and Income ETF makes up about 0.9% of Bright Futures Wealth Management LLC.’s holdings, making the stock its 27th largest position. Bright Futures Wealth Management LLC.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,834,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter worth $159,000. Gallacher Capital Management LLC increased its position in First Trust Preferred Securities and Income ETF by 28.0% in the 2nd quarter. Gallacher Capital Management LLC now owns 126,689 shares of the company’s stock valued at $2,199,000 after acquiring an additional 27,727 shares during the period. Strategic Financial Concepts LLC raised its stake in First Trust Preferred Securities and Income ETF by 172.2% during the 2nd quarter. Strategic Financial Concepts LLC now owns 301,338 shares of the company’s stock valued at $52,000 after acquiring an additional 190,646 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in First Trust Preferred Securities and Income ETF by 2.5% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,472,069 shares of the company’s stock worth $25,555,000 after acquiring an additional 36,424 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 117.1% in the 2nd quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock valued at $46,000 after purchasing an additional 1,441 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $17.91 on Tuesday. First Trust Preferred Securities and Income ETF has a 12-month low of $15.46 and a 12-month high of $17.92. The stock’s 50 day simple moving average is $17.63 and its 200-day simple moving average is $17.39.

First Trust Preferred Securities and Income ETF Company 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.