Royal Bank of Canada Acquires 286,168 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Royal Bank of Canada boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,800,881 shares of the company’s stock after acquiring an additional 286,168 shares during the period. Royal Bank of Canada owned 5.49% of First Trust Preferred Securities and Income ETF worth $297,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FPE. Independent Wealth Network Inc. increased its position in 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 worth $1,921,000 after buying an additional 567 shares during the period. Level Four Advisory Services LLC increased its position in First Trust Preferred Securities and Income ETF by 2.5% during the 4th quarter. Level Four Advisory Services LLC now owns 33,172 shares of the company’s stock worth $587,000 after buying an additional 799 shares during the period. Raleigh Capital Management Inc. increased its position 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 worth $30,000 after buying an additional 826 shares during the period. US Bancorp DE increased its position in 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 worth $2,717,000 after buying an additional 859 shares during the period. Finally, DAVENPORT & Co LLC increased its position in 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 worth $1,001,000 after buying an additional 883 shares during the period.

First Trust Preferred Securities and Income ETF Trading Up 0.2%

FPE stock opened at $17.58 on Friday. The business’s fifty day moving average price is $17.41 and its two-hundred day moving average price is $17.68. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.23.

About First Trust Preferred Securities and Income ETF

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.