Custom Index Systems LLC Takes $758,000 Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Custom Index Systems LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 41,889 shares of the company’s stock, valued at approximately $758,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 1,642.3% during the third quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock worth $279,530,000 after purchasing an additional 1,455,731 shares during the last quarter. Cetera Investment Advisers lifted its position in First Trust Preferred Securities and Income ETF by 194.9% during the 1st quarter. Cetera Investment Advisers now owns 1,141,966 shares of the company’s stock worth $19,779,000 after buying an additional 754,718 shares in the last quarter. Waverly Advisors LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter worth about $11,610,000. Synergy Asset Management LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $7,359,000. Finally, Ameritas Investment Partners Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 1,275.1% in the second quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after acquiring an additional 380,318 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock remained flat at $18.00 during trading hours on Friday. 830,593 shares of the stock were exchanged, compared to its average volume of 1,232,757. The business has a fifty day moving average price of $18.01 and a two-hundred day moving average price of $17.58. First Trust Preferred Securities and Income ETF has a 12 month low of $15.46 and a 12 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.