Seros Financial LLC Purchases 55,770 Shares of First Trust Preferred Securities and Income ETF $FPE

Seros Financial LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 611,026 shares of the company’s stock after buying an additional 55,770 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 5.3% of Seros Financial LLC’s investment portfolio, making the stock its 8th biggest holding. Seros Financial LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $10,418,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. TI Trust Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 1.8% in the third quarter. TI Trust Inc. now owns 33,914 shares of the company’s stock worth $578,000 after buying an additional 595 shares during the last quarter. Milestones Private Investment Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 0.4% in the third quarter. Milestones Private Investment Advisors LLC now owns 147,334 shares of the company’s stock valued at $2,512,000 after acquiring an additional 650 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 5.7% in the third quarter. Blue Zone Wealth Advisors LLC now owns 12,323 shares of the company’s stock valued at $210,000 after acquiring an additional 661 shares during the last quarter. Paller Financial Services Inc lifted its stake in First Trust Preferred Securities and Income ETF by 1.4% in the third quarter. Paller Financial Services Inc now owns 56,735 shares of the company’s stock valued at $967,000 after acquiring an additional 765 shares during the last quarter. Finally, QP Wealth Management LLC grew its position in First Trust Preferred Securities and Income ETF by 3.8% in the third quarter. QP Wealth Management LLC now owns 24,755 shares of the company’s stock worth $422,000 after acquiring an additional 915 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $16.92 on Friday. The firm has a 50 day moving average of $17.38 and a two-hundred day moving average of $17.76. First Trust Preferred Securities and Income ETF has a 12 month low of $16.89 and a 12 month high of $18.48.

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.