Secure Asset Management LLC Grows Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Secure Asset Management LLC raised its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 32,786 shares of the company’s stock after buying an additional 4,902 shares during the period. Secure Asset Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $577,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Transce3nd LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $32,000. Promus Capital LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $35,000. Mattson Financial Services LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 42.5% in the 4th quarter. Mattson Financial Services LLC now owns 3,753 shares of the company’s stock valued at $68,000 after purchasing an additional 1,119 shares in the last quarter. National Bank of Canada FI increased its stake in shares of First Trust Preferred Securities and Income ETF by 55.8% in the 4th quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock valued at $74,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Elevation Wealth Partners LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $129,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.60 on Thursday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.23. The business has a 50-day moving average price of $17.35 and a 200 day moving average price of $17.63.

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.