Moors & Cabot Inc. Grows Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Moors & Cabot Inc. grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 98,854 shares of the company’s stock after purchasing an additional 6,274 shares during the period. Moors & Cabot Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,750,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at $151,643,000. Falcon Wealth Planning purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at $19,169,000. LPL Financial LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 9.5% during the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after buying an additional 1,035,105 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at $14,909,000. Finally, Barclays PLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter valued at $12,838,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.68 on Thursday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 and a 1-year high of $18.23. The company’s fifty day moving average price is $17.76 and its 200-day moving average price is $17.89.

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.