Glassy Mountain Advisors Inc. Acquires 28,316 Shares of First Trust Preferred Securities and Income ETF $FPE

Glassy Mountain Advisors Inc. boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 464,570 shares of the company’s stock after acquiring an additional 28,316 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 2.6% of Glassy Mountain Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Glassy Mountain Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $8,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FPE. Stonebridge Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 1,312.3% in the fourth quarter. Stonebridge Advisors LLC now owns 2,368,824 shares of the company’s stock valued at $40,181,000 after acquiring an additional 2,201,095 shares during the period. Jane Street Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 433.4% in the second quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock valued at $24,971,000 after acquiring an additional 1,139,866 shares during the period. Ameriprise Financial Inc. increased its stake in First Trust Preferred Securities and Income ETF by 29.8% in the third quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock valued at $82,785,000 after acquiring an additional 1,041,910 shares during the period. Integrity Wealth Advisors Inc. increased its stake in First Trust Preferred Securities and Income ETF by 84.7% in the third quarter. Integrity Wealth Advisors Inc. now owns 2,132,730 shares of the company’s stock valued at $38,447,000 after acquiring an additional 978,046 shares during the period. Finally, State of Tennessee Department of Treasury increased its stake in First Trust Preferred Securities and Income ETF by 58.0% in the second quarter. State of Tennessee Department of Treasury now owns 1,832,300 shares of the company’s stock valued at $32,615,000 after acquiring an additional 672,400 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $17.98 on Thursday. The company’s 50-day simple moving average is $17.99 and its 200 day simple moving average is $18.16. First Trust Preferred Securities and Income ETF has a twelve month low of $17.54 and a twelve month high of $18.51.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.