World Investment Advisors Invests $526,000 in First Trust Preferred Securities and Income ETF $FPE

World Investment Advisors purchased a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,890 shares of the company’s stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley lifted its stake in shares of First Trust Preferred Securities and Income ETF by 2.1% in the fourth quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock valued at $970,235,000 after buying an additional 1,110,239 shares in the last quarter. LPL Financial LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 18.6% during the fourth quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock worth $306,475,000 after acquiring an additional 2,636,765 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Trust Preferred Securities and Income ETF by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 15,930,706 shares of the company’s stock worth $290,257,000 after acquiring an additional 624,898 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 7.2% in the 4th quarter. Raymond James Financial Inc. now owns 9,527,406 shares of the company’s stock worth $173,589,000 after acquiring an additional 641,472 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in First Trust Preferred Securities and Income ETF by 5.3% in the 3rd quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock valued at $138,762,000 after acquiring an additional 381,048 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.1%

FPE stock opened at $17.97 on Wednesday. First Trust Preferred Securities and Income ETF has a 52-week low of $17.54 and a 52-week high of $18.51. The business has a 50-day simple moving average of $18.03 and a two-hundred day simple moving average of $18.13.

About First Trust Preferred Securities and Income ETF

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.