First Trust Preferred Securities and Income ETF $FPE Shares Bought by MGO One Seven LLC

MGO One Seven LLC increased its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 137.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 146,268 shares of the company’s stock after purchasing an additional 84,596 shares during the quarter. MGO One Seven LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,494,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FPE. Fifth Third Bancorp purchased a new position in First Trust Preferred Securities and Income ETF during the 1st quarter valued at about $8,484,000. Bank of America Corp DE lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.4% in the first quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock valued at $153,578,000 after purchasing an additional 446,585 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 14.8% in the first quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock valued at $52,620,000 after purchasing an additional 383,261 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 54.1% in the second quarter. Concurrent Investment Advisors LLC now owns 862,964 shares of the company’s stock valued at $15,430,000 after purchasing an additional 303,103 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at approximately $4,046,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $16.99 on Wednesday. The firm has a 50 day simple moving average of $17.26 and a 200-day simple moving average of $17.83. First Trust Preferred Securities and Income ETF has a 1-year low of $16.87 and a 1-year high of $18.48.

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.