Mainsail Financial Group LLC Grows Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Mainsail Financial Group LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,540 shares of the company’s stock after buying an additional 3,766 shares during the period. First Trust Preferred Securities and Income ETF accounts for about 1.1% of Mainsail Financial Group LLC’s holdings, making the stock its 27th largest holding. Mainsail Financial Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,585,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Indiana Trust & Investment Management CO purchased a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter worth about $44,000. Creekmur Asset Management LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth about $116,000. Woodmont Investment Counsel LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the first quarter worth about $174,000. Hilltop Holdings Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 9.0% during the fourth quarter. Hilltop Holdings Inc. now owns 10,896 shares of the company’s stock worth $184,000 after purchasing an additional 896 shares in the last quarter. Finally, Centaurus Financial Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 8.4% during the fourth quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock worth $184,000 after purchasing an additional 848 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.5 %

FPE opened at $17.48 on Thursday. The business’s 50-day simple moving average is $17.30 and its 200-day simple moving average is $17.16. First Trust Preferred Securities and Income ETF has a one year low of $15.46 and a one year high of $17.49.

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.