Falcon Wealth Planning Buys 152,675 Shares of First Trust Preferred Securities and Income ETF $FPE

Falcon Wealth Planning grew its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,514,417 shares of the company’s stock after purchasing an additional 152,675 shares during the period. First Trust Preferred Securities and Income ETF makes up approximately 1.8% of Falcon Wealth Planning’s investment portfolio, making the stock its 15th biggest position. Falcon Wealth Planning’s holdings in First Trust Preferred Securities and Income ETF were worth $26,881,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FPE. Morgan Stanley boosted its stake in First Trust Preferred Securities and Income ETF by 2.1% during the fourth quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock valued at $970,235,000 after buying an additional 1,110,239 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust Preferred Securities and Income ETF by 18.6% during the 4th quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock valued at $306,475,000 after buying an additional 2,636,765 shares in the last quarter. Wells Fargo & Company MN increased its stake in First Trust Preferred Securities and Income ETF by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 15,930,706 shares of the company’s stock worth $290,257,000 after acquiring an additional 624,898 shares during the last quarter. Raymond James Financial Inc. increased its stake in First Trust Preferred Securities and Income ETF by 7.2% in the 4th quarter. Raymond James Financial Inc. now owns 9,527,406 shares of the company’s stock worth $173,589,000 after acquiring an additional 641,472 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of First Trust Preferred Securities and Income ETF by 5.3% during the 3rd quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock worth $138,762,000 after acquiring an additional 381,048 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.6%

Shares of FPE opened at $17.88 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $17.54 and a 1 year high of $18.51. The business’s 50 day simple moving average is $18.02 and its 200-day simple moving average is $18.13.

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