Synovus Financial Corp Has $1.63 Million Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Synovus Financial Corp grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,139 shares of the company’s stock after purchasing an additional 5,734 shares during the period. Synovus Financial Corp’s holdings in First Trust Preferred Securities and Income ETF were worth $1,631,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Raleigh Capital Management Inc. increased its position in First Trust Preferred Securities and Income ETF by 96.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after purchasing an additional 826 shares during the last quarter. Promus Capital LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $35,000. ORG Partners LLC increased its holdings in First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after buying an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in First Trust Preferred Securities and Income ETF by 55.8% in the fourth quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock valued at $74,000 after acquiring an additional 1,500 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $17.16 on Wednesday. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.23. The company’s fifty day moving average price is $17.62 and its two-hundred day moving average price is $17.79.

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.