Truist Financial Corp Acquires 121,504 Shares of First Trust Preferred Securities and Income ETF $FPE

Truist Financial Corp increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,176,309 shares of the company’s stock after buying an additional 121,504 shares during the period. Truist Financial Corp’s holdings in First Trust Preferred Securities and Income ETF were worth $21,432,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Avidian Wealth Enterprises LLC increased its holdings in First Trust Preferred Securities and Income ETF by 2.8% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 756,752 shares of the company’s stock worth $13,788,000 after buying an additional 20,706 shares during the last quarter. Aurora Private Wealth Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $699,000. Benjamin Edwards Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 0.8% in the fourth quarter. Benjamin Edwards Inc. now owns 156,529 shares of the company’s stock valued at $2,852,000 after acquiring an additional 1,246 shares during the last quarter. LVZ Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 13.9% during the 4th quarter. LVZ Inc. now owns 29,526 shares of the company’s stock valued at $538,000 after acquiring an additional 3,594 shares during the period. Finally, Sigma Planning Corp grew its position in shares of First Trust Preferred Securities and Income ETF by 0.9% during the 4th quarter. Sigma Planning Corp now owns 244,377 shares of the company’s stock valued at $4,453,000 after acquiring an additional 2,074 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $18.15 on Thursday. The company has a 50 day moving average of $18.04 and a 200-day moving average of $18.21. First Trust Preferred Securities and Income ETF has a 12-month low of $17.32 and a 12-month high of $18.51.

First Trust Preferred Securities and Income ETF 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.