First Trust Preferred Securities and Income ETF $FPE Holdings Increased by Magnus Financial Group LLC

Magnus Financial Group LLC grew its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,052,183 shares of the company’s stock after acquiring an additional 92,464 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 2.3% of Magnus Financial Group LLC’s holdings, making the stock its 8th largest position. Magnus Financial Group LLC owned 0.59% of First Trust Preferred Securities and Income ETF worth $34,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of FPE. Bank of America Corp DE grew its holdings in First Trust Preferred Securities and Income ETF by 5.4% in the first quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock valued at $153,578,000 after purchasing an additional 446,585 shares during the period. Cetera Investment Advisers increased its position in First Trust Preferred Securities and Income ETF by 14.8% during the first quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock worth $52,620,000 after purchasing an additional 383,261 shares during the last quarter. Kestra Advisory Services LLC raised its stake in First Trust Preferred Securities and Income ETF by 4.7% during the first quarter. Kestra Advisory Services LLC now owns 2,425,646 shares of the company’s stock worth $43,055,000 after purchasing an additional 108,076 shares during the period. Baird Financial Group Inc. raised its stake in First Trust Preferred Securities and Income ETF by 3.4% during the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock worth $36,272,000 after purchasing an additional 66,507 shares during the period. Finally, Park National Corp OH raised its stake in First Trust Preferred Securities and Income ETF by 2.3% during the third quarter. Park National Corp OH now owns 1,947,034 shares of the company’s stock worth $33,197,000 after purchasing an additional 43,467 shares during the period.

First Trust Preferred Securities and Income ETF Trading Down 0.6%

Shares of FPE opened at $16.94 on Thursday. The company’s fifty day moving average is $17.40 and its two-hundred day moving average is $17.76. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.93 and a fifty-two week high of $18.48.

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