First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 87.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 301,987 shares of the company’s stock after acquiring an additional 141,072 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.10% of First Trust Preferred Securities and Income ETF worth $5,345,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Independent Wealth Network Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 0.5% during the 4th quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after purchasing an additional 567 shares during the period. Raleigh Capital Management Inc. increased its position in shares of 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 purchasing an additional 826 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 5.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after purchasing an additional 829 shares during the period. US Bancorp DE increased its position in shares of First Trust Preferred Securities and Income ETF by 0.6% during the 4th quarter. US Bancorp DE now owns 153,440 shares of the company’s stock valued at $2,717,000 after purchasing an additional 859 shares during the period. Finally, DAVENPORT & Co LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 1.6% during the 4th quarter. DAVENPORT & Co LLC now owns 56,574 shares of the company’s stock valued at $1,001,000 after purchasing an additional 883 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.70 on Wednesday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23. The business’s fifty day moving average is $17.75 and its 200-day moving average is $17.89.

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.