Sound Income Strategies LLC Acquires 25,710 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Sound Income Strategies LLC lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,043 shares of the company’s stock after purchasing an additional 25,710 shares during the quarter. Sound Income Strategies LLC owned 0.08% of First Trust Preferred Securities and Income ETF worth $4,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in FPE. OLD Mission Capital LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 26,692.8% in the 4th quarter. OLD Mission Capital LLC now owns 2,835,478 shares of the company’s stock worth $47,806,000 after purchasing an additional 2,824,895 shares in the last quarter. International Assets Investment Management LLC increased its holdings in First Trust Preferred Securities and Income ETF by 1,480.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,799,288 shares of the company’s stock valued at $30,336,000 after buying an additional 1,685,412 shares during the period. Stonebridge Advisors LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 241.2% in the 4th quarter. Stonebridge Advisors LLC now owns 1,972,113 shares of the company’s stock worth $33,250,000 after acquiring an additional 1,394,132 shares in the last quarter. Price Capital Management Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $20,313,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $13,331,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock traded down $0.02 during trading hours on Wednesday, reaching $17.42. 820,782 shares of the company’s stock were exchanged, compared to its average volume of 1,327,771. The stock’s fifty day moving average price is $17.25 and its two-hundred day moving average price is $17.13. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $17.45.

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.