LPL Financial LLC Has $306.48 Million Position in First Trust Preferred Securities and Income ETF $FPE

LPL Financial LLC raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,820,824 shares of the company’s stock after purchasing an additional 2,636,765 shares during the period. LPL Financial LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $306,475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossby Financial LCC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 469.7% in the third quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after purchasing an additional 1,935 shares during the last quarter. Ameriflex Group Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 339.3% in the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after acquiring an additional 1,832 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 42.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after acquiring an additional 752 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 91.5% in the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at about $61,000.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $17.90 on Tuesday. The company’s 50-day simple moving average is $18.00 and its 200 day simple moving average is $18.15. First Trust Preferred Securities and Income ETF has a 52 week low of $17.54 and a 52 week high of $18.51.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.