Stonebridge Advisors LLC Increases Stake in First Trust Preferred Securities and Income ETF $FPE

Stonebridge Advisors LLC increased its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1,312.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,368,824 shares of the company’s stock after purchasing an additional 2,201,095 shares during the period. First Trust Preferred Securities and Income ETF makes up about 22.0% of Stonebridge Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Stonebridge Advisors LLC owned about 0.67% of First Trust Preferred Securities and Income ETF worth $40,181,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FPE. Jane Street Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 53.0% during the first quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock worth $4,626,000 after acquiring an additional 91,118 shares during the last quarter. First Trust Advisors LP increased its stake in First Trust Preferred Securities and Income ETF by 0.9% during the second quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock worth $2,911,000 after acquiring an additional 1,496 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in First Trust Preferred Securities and Income ETF during the second quarter worth approximately $249,000. NewEdge Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 2.5% during the second quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock worth $6,619,000 after acquiring an additional 9,236 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in First Trust Preferred Securities and Income ETF during the second quarter worth approximately $263,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $18.01 on Tuesday. First Trust Preferred Securities and Income ETF has a 1-year low of $17.33 and a 1-year high of $18.51. The business’s 50 day moving average is $18.01 and its two-hundred day moving average is $18.19.

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.