First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 34.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,603 shares of the company’s stock after purchasing an additional 2,964 shares during the quarter. Farther Finance Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $151,643,000. Bank of America Corp DE grew its position in First Trust Preferred Securities and Income ETF by 104.3% in the fourth quarter. Bank of America Corp DE now owns 7,093,224 shares of the company’s stock valued at $125,550,000 after acquiring an additional 3,621,383 shares in the last quarter. Stonebridge Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 1,097.6% in the fourth quarter. Stonebridge Advisors LLC now owns 2,289,907 shares of the company’s stock valued at $40,531,000 after acquiring an additional 2,098,695 shares in the last quarter. Integrity Wealth Advisors Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $22,183,000. Finally, LPL Financial LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 13,028,056 shares of the company’s stock worth $230,597,000 after purchasing an additional 1,151,344 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.72 on Friday. The firm has a fifty day simple moving average of $17.44 and a 200-day simple moving average of $17.62. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.23.

About First Trust Preferred Securities and Income ETF

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.