Independent Financial Group LLC Takes Position in First Trust Preferred Securities and Income ETF $FPE

Independent Financial Group LLC acquired a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 72,808 shares of the company’s stock, valued at approximately $1,292,000.

A number of other large investors have also recently bought and sold shares of FPE. LPL Financial LLC raised its holdings in 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 valued at $306,475,000 after buying an additional 2,636,765 shares in the last quarter. Stonebridge Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 1,312.3% during the 4th quarter. Stonebridge Advisors LLC now owns 2,368,824 shares of the company’s stock worth $40,181,000 after acquiring an additional 2,201,095 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 433.4% during the 2nd quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock worth $24,971,000 after acquiring an additional 1,139,866 shares in the last quarter. Morgan Stanley increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.1% during the 4th quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock valued at $970,235,000 after acquiring an additional 1,110,239 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 29.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock valued at $82,785,000 after acquiring an additional 1,041,910 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $17.93 on Tuesday. The stock’s 50 day simple moving average is $17.96 and its 200 day simple moving average is $18.09. First Trust Preferred Securities and Income ETF has a twelve month low of $17.54 and a twelve 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.