Mercer Global Advisors Inc. ADV Buys 10,574 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Mercer Global Advisors Inc. ADV raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Rating) by 88.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,522 shares of the company’s stock after purchasing an additional 10,574 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in First Trust Preferred Securities and Income ETF were worth $378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Integrated Advisors Network LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 17.7% during the fourth quarter. Integrated Advisors Network LLC now owns 107,439 shares of the company’s stock valued at $1,805,000 after buying an additional 16,135 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $245,000. Ascension Capital Advisors Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 2.7% during the fourth quarter. Ascension Capital Advisors Inc. now owns 94,152 shares of the company’s stock valued at $1,582,000 after buying an additional 2,447 shares during the period. Tanager Wealth Management LLP purchased a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $195,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in First Trust Preferred Securities and Income ETF by 40.2% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 40,420 shares of the company’s stock worth $679,000 after purchasing an additional 11,595 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $15.75 on Wednesday. The business’s fifty day moving average is $15.83 and its 200 day moving average is $16.81. First Trust Preferred Securities and Income ETF has a twelve month low of $15.23 and a twelve month high of $18.33.

First Trust Preferred Securities and Income ETF Company Profile

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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.