Financial Enhancement Group LLC raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 449,648 shares of the company’s stock after buying an additional 50,553 shares during the period. First Trust Preferred Securities and Income ETF comprises 1.4% of Financial Enhancement Group LLC’s portfolio, making the stock its 22nd biggest position. Financial Enhancement Group LLC owned about 0.13% of First Trust Preferred Securities and Income ETF worth $7,006,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of First Trust Preferred Securities and Income ETF by 6.4% in the first quarter. Royal Bank of Canada now owns 19,946,709 shares of the company’s stock worth $379,385,000 after acquiring an additional 1,206,106 shares during the last quarter. LPL Financial LLC raised its position in First Trust Preferred Securities and Income ETF by 7.3% in the 1st quarter. LPL Financial LLC now owns 9,803,077 shares of the company’s stock worth $156,457,000 after purchasing an additional 665,019 shares during the last quarter. Wells Fargo & Company MN boosted its position in First Trust Preferred Securities and Income ETF by 2.1% in the 4th quarter. Wells Fargo & Company MN now owns 8,564,572 shares of the company’s stock valued at $143,885,000 after buying an additional 179,216 shares during the last quarter. Jane Street Group LLC boosted its position in First Trust Preferred Securities and Income ETF by 207.6% in the 4th quarter. Jane Street Group LLC now owns 7,885,115 shares of the company’s stock valued at $132,470,000 after buying an additional 5,321,750 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 12.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,156,126 shares of the company’s stock valued at $98,252,000 after buying an additional 657,257 shares during the period.
First Trust Preferred Securities and Income ETF Price Performance
Shares of NYSEARCA:FPE opened at $16.10 on Wednesday. First Trust Preferred Securities and Income ETF has a 1-year low of $15.23 and a 1-year high of $18.29. The business has a 50-day moving average price of $16.12 and a two-hundred day moving average price of $16.08.
First Trust Preferred Securities and Income ETF Company 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.
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