First Trust Preferred Securities and Income ETF $FPE is Seros Financial LLC’s 7th Largest Position

Seros Financial LLC lifted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 508,703 shares of the company’s stock after purchasing an additional 45,730 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 5.4% of Seros Financial LLC’s investment portfolio, making the stock its 7th biggest holding. Seros Financial LLC owned 0.14% of First Trust Preferred Securities and Income ETF worth $9,269,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 1.7% in the third quarter. Raymond James Financial Inc. now owns 8,885,934 shares of the company’s stock worth $162,079,000 after purchasing an additional 144,985 shares during the last quarter. Bank of America Corp DE raised its stake in shares of First Trust Preferred Securities and Income ETF by 5.3% in the third quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock worth $138,762,000 after purchasing an additional 381,048 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of 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 worth $82,785,000 after purchasing an additional 1,041,910 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 1.2% in the fourth quarter. HighTower Advisors LLC now owns 3,300,695 shares of the company’s stock worth $60,139,000 after purchasing an additional 38,814 shares during the last quarter. Finally, Stonebridge Advisors LLC raised its stake in shares of 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 worth $40,181,000 after purchasing an additional 2,201,095 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.5%

First Trust Preferred Securities and Income ETF stock opened at $17.92 on Wednesday. First Trust Preferred Securities and Income ETF has a one year low of $17.33 and a one year high of $18.51. The stock has a fifty day moving average of $18.00 and a 200 day moving average of $18.19.

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.