Concurrent Investment Advisors LLC increased its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 54.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 862,964 shares of the company’s stock after purchasing an additional 303,103 shares during the period. Concurrent Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $15,430,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in FPE. Ascentis Independent Advisors purchased a new stake in First Trust Preferred Securities and Income ETF during the first quarter valued at about $29,000. Allied Private Wealth LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth approximately $30,000. Brown Brothers Harriman & Co. purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter worth $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $45,000. Finally, Larson Financial Group LLC grew its holdings in First Trust Preferred Securities and Income ETF by 91.5% in the 4th quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock worth $52,000 after acquiring an additional 1,373 shares during the last quarter.
First Trust Preferred Securities and Income ETF Stock Performance
First Trust Preferred Securities and Income ETF stock opened at $17.64 on Friday. First Trust Preferred Securities and Income ETF has a 1-year low of $17.54 and a 1-year high of $18.51. The firm has a 50-day moving average of $17.81 and a 200-day moving average of $17.96.
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.
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