Matrix Trust Co Buys 25,048 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Matrix Trust Co increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 37.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 92,822 shares of the company’s stock after acquiring an additional 25,048 shares during the period. Matrix Trust Co’s holdings in First Trust Preferred Securities and Income ETF were worth $1,633,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FPE. DAVENPORT & Co LLC raised its stake in First Trust Preferred Securities and Income ETF by 1.6% in the fourth quarter. DAVENPORT & Co LLC now owns 56,574 shares of the company’s stock worth $1,001,000 after buying an additional 883 shares in the last quarter. Spire Wealth Management bought a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $203,000. Tanager Wealth Management LLP bought a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $264,000. Lion Street Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 12.1% in the fourth quarter. Lion Street Advisors LLC now owns 64,732 shares of the company’s stock worth $1,146,000 after buying an additional 7,007 shares in the last quarter. Finally, Silver Oak Securities Incorporated raised its stake in First Trust Preferred Securities and Income ETF by 471.2% in the fourth quarter. Silver Oak Securities Incorporated now owns 76,923 shares of the company’s stock worth $1,362,000 after buying an additional 63,455 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $17.60 on Thursday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.23. The firm has a 50-day moving average of $17.35 and a 200 day moving average of $17.63.

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.