67,890 First Trust Preferred Securities and Income ETF $FPE Shares Purchased by Meridian Financial Partners LLC

Meridian Financial Partners LLC boosted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 134.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,512 shares of the company’s stock after buying an additional 67,890 shares during the period. Meridian Financial Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,027,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FPE. Bank of America Corp DE increased its holdings in First Trust Preferred Securities and Income ETF by 5.4% in the 1st 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 last quarter. Cetera Investment Advisers raised its position in First Trust Preferred Securities and Income ETF by 14.8% in the first quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock valued at $52,620,000 after purchasing an additional 383,261 shares during the period. Kestra Advisory Services LLC lifted 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 in the last quarter. Baird Financial Group Inc. lifted 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 in the last quarter. Finally, Magnus Financial Group LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 4.7% during the 3rd quarter. Magnus Financial Group LLC now owns 2,052,183 shares of the company’s stock valued at $34,990,000 after acquiring an additional 92,464 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $16.89 on Friday. The business has a 50-day moving average of $17.36 and a 200 day moving average of $17.75. First Trust Preferred Securities and Income ETF has a 12 month low of $16.87 and a 12 month 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.