Puff Wealth Management LLC purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 46,073 shares of the company’s stock, valued at approximately $824,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Ascentis Independent Advisors purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter valued at about $29,000. Brown Brothers Harriman & Co. purchased a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $45,000. Larson Financial Group LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 91.5% in the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock worth $52,000 after purchasing an additional 1,373 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in First Trust Preferred Securities and Income ETF during the third quarter valued at about $61,000.
First Trust Preferred Securities and Income ETF Price Performance
NYSEARCA FPE opened at $17.87 on Friday. The stock’s 50 day moving average is $17.90 and its 200 day moving average is $18.05. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 month high of $18.51.
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.
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