Strategic Financial Partners Ltd. Makes New $191,000 Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Strategic Financial Partners Ltd. acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,525 shares of the company’s stock, valued at approximately $191,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its holdings in First Trust Preferred Securities and Income ETF by 3.5% during the second quarter. LPL Financial LLC now owns 10,841,607 shares of the company’s stock worth $188,210,000 after purchasing an additional 362,026 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 2.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,552,458 shares of the company’s stock valued at $96,391,000 after purchasing an additional 157,982 shares during the last quarter. Kestra Advisory Services LLC boosted its position in First Trust Preferred Securities and Income ETF by 4.9% during the first quarter. Kestra Advisory Services LLC now owns 2,134,429 shares of the company’s stock worth $36,968,000 after purchasing an additional 100,431 shares during the period. Osaic Holdings Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 5.7% in the first quarter. Osaic Holdings Inc. now owns 1,948,087 shares of the company’s stock valued at $33,742,000 after purchasing an additional 105,532 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 22.0% in the first quarter. Janney Montgomery Scott LLC now owns 1,791,800 shares of the company’s stock valued at $31,034,000 after purchasing an additional 323,436 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

Shares of FPE stock opened at $17.87 on Friday. First Trust Preferred Securities and Income ETF has a 52 week low of $15.77 and a 52 week high of $18.23. The company has a 50-day simple moving average of $18.02 and a 200 day simple moving average of $17.60.

First Trust Preferred Securities and Income ETF 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.