First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stock Position Lifted by Stonebridge Advisors LLC

Stonebridge Advisors LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 25.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 228,435 shares of the company’s stock after purchasing an additional 45,880 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 2.6% of Stonebridge Advisors LLC’s holdings, making the stock its 4th largest position. Stonebridge Advisors LLC owned approximately 0.07% of First Trust Preferred Securities and Income ETF worth $3,966,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Etesian Wealth Advisors Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.3% during the 1st quarter. Etesian Wealth Advisors Inc. now owns 187,309 shares of the company’s stock worth $3,244,000 after purchasing an additional 595 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 0.6% during the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 149,957 shares of the company’s stock worth $2,597,000 after purchasing an additional 825 shares during the period. Centaurus Financial Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 8.4% in the 4th quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock valued at $184,000 after buying an additional 848 shares during the period. TRUE Private Wealth Advisors lifted its position in First Trust Preferred Securities and Income ETF by 5.5% in the second quarter. TRUE Private Wealth Advisors now owns 18,936 shares of the company’s stock valued at $329,000 after buying an additional 983 shares during the last quarter. Finally, FSC Wealth Advisors LLC boosted its stake in First Trust Preferred Securities and Income ETF by 85.3% during the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $18.10 on Wednesday. First Trust Preferred Securities and Income ETF has a 52 week low of $15.46 and a 52 week high of $18.23. The business has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $17.49.

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.