Stratos Wealth Partners LTD. Acquires 62,762 Shares of First Trust Preferred Securities and Income ETF $FPE

Stratos Wealth Partners LTD. lifted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 427,459 shares of the company’s stock after buying an additional 62,762 shares during the period. Stratos Wealth Partners LTD. owned about 0.12% of First Trust Preferred Securities and Income ETF worth $7,788,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Falcon Wealth Planning boosted its position in First Trust Preferred Securities and Income ETF by 6.4% during the third quarter. Falcon Wealth Planning now owns 1,275,937 shares of the company’s stock valued at $23,273,000 after purchasing an additional 77,011 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 7.5% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock worth $11,466,000 after purchasing an additional 44,103 shares during the last quarter. Citigroup Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 17.2% during the 3rd quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock worth $17,969,000 after purchasing an additional 144,720 shares during the last quarter. Asset Allocation Strategies LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $3,232,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $652,000.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $17.84 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.51. The stock has a 50 day moving average of $18.16 and a 200-day moving average of $18.25.

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.