First Trust Preferred Securities and Income ETF $FPE Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 57.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 92,359 shares of the company’s stock after acquiring an additional 33,563 shares during the period. Geneos Wealth Management Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ascentis Independent Advisors acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at $29,000. Brown Brothers Harriman & Co. acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth about $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth about $45,000. Raleigh Capital Management Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 42.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after buying an additional 752 shares during the period. Finally, Larson Financial Group LLC lifted its position in First Trust Preferred Securities and Income ETF by 91.5% in the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after buying an additional 1,373 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.1%

NYSEARCA FPE opened at $17.94 on Friday. The firm’s 50-day moving average is $17.96 and its two-hundred day moving average is $18.10. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 month high of $18.51.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.