Glassy Mountain Advisors Inc. Buys 74,848 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Glassy Mountain Advisors Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 21.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,626 shares of the company’s stock after buying an additional 74,848 shares during the quarter. First Trust Preferred Securities and Income ETF makes up 2.6% of Glassy Mountain Advisors Inc.’s portfolio, making the stock its 17th largest position. Glassy Mountain Advisors Inc. owned 0.14% of First Trust Preferred Securities and Income ETF worth $7,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. lifted its holdings in First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after buying an additional 690 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 96.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after buying an additional 826 shares in the last quarter. ORG Partners LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after purchasing an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after purchasing an additional 3,130 shares in the last quarter. Finally, FSC Wealth Advisors LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 75.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after purchasing an additional 1,648 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.81 on Friday. First Trust Preferred Securities and Income ETF has a one year low of $16.95 and a one year high of $18.23. The firm has a 50-day simple moving average of $17.78 and a 200-day simple moving average of $17.85.

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.