Arete Wealth Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 40,645 shares of the company’s stock, valued at approximately $649,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of FPE. Jane Street Group LLC raised its stake in shares of 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 worth $132,470,000 after buying an additional 5,321,750 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of First Trust Preferred Securities and Income ETF by 996.7% in the 1st quarter. State of Tennessee Treasury Department now owns 3,455,804 shares of the company’s stock worth $55,155,000 after acquiring an additional 3,140,704 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust Preferred Securities and Income ETF by 6.4% in the 1st 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 grew its holdings in shares of 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 acquiring an additional 665,019 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings 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 worth $98,252,000 after acquiring an additional 657,257 shares during the last quarter.
First Trust Preferred Securities and Income ETF Stock Performance
Shares of NYSEARCA FPE opened at $16.20 on Friday. The stock’s fifty day simple moving average is $16.13 and its 200 day simple moving average is $16.07. First Trust Preferred Securities and Income ETF has a 52-week low of $15.23 and a 52-week high of $18.29.
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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