Truist Financial Corp Purchases 38,527 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Truist Financial Corp boosted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 979,266 shares of the company’s stock after buying an additional 38,527 shares during the period. Truist Financial Corp owned approximately 0.32% of First Trust Preferred Securities and Income ETF worth $17,333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. increased its position in First Trust Preferred Securities and Income ETF by 96.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after buying an additional 826 shares in the last quarter. ORG Partners LLC increased its holdings in First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares in the last quarter. FSC Wealth Advisors LLC increased its holdings in First Trust Preferred Securities and Income ETF by 75.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after purchasing an additional 1,648 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 435.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after purchasing an additional 3,130 shares in the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $183,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.85 on Thursday. The stock has a 50 day moving average price of $17.75 and a two-hundred day moving average price of $17.87. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week high of $18.23.

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.