Connectus Wealth LLC Buys New Shares in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Connectus Wealth LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPEFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 70,000 shares of the company’s stock, valued at approximately $1,180,000.

Other hedge funds also recently bought and sold shares of the company. Hilltop Holdings Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 9.0% during the fourth quarter. Hilltop Holdings Inc. now owns 10,896 shares of the company’s stock worth $184,000 after purchasing an additional 896 shares during the last quarter. Diversified LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $198,000. Carmichael Hill & Associates Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 10.9% in the 4th quarter. Carmichael Hill & Associates Inc. now owns 12,388 shares of the company’s stock valued at $209,000 after buying an additional 1,218 shares in the last quarter. Security National Bank grew its position in shares of First Trust Preferred Securities and Income ETF by 12.8% in the 4th quarter. Security National Bank now owns 12,917 shares of the company’s stock valued at $218,000 after buying an additional 1,467 shares during the last quarter. Finally, Hibernia Wealth Partners LLC raised its stake in First Trust Preferred Securities and Income ETF by 5,506.0% during the 4th quarter. Hibernia Wealth Partners LLC now owns 13,118 shares of the company’s stock worth $221,000 after acquiring an additional 12,884 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.2 %

FPE opened at $17.31 on Tuesday. First Trust Preferred Securities and Income ETF has a one year low of $15.46 and a one year high of $17.45. The business’s 50-day simple moving average is $17.22 and its 200-day simple moving average is $17.05.

First Trust Preferred Securities and Income ETF Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPEFree Report).

Institutional Ownership by Quarter for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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