Secure Asset Management LLC Makes New Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Secure Asset Management LLC bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,278 shares of the company’s stock, valued at approximately $404,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FPE. Waterloo Capital L.P. purchased a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth $1,248,000. Eldridge Investment Advisors Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 28.6% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 506,055 shares of the company’s stock worth $8,532,000 after buying an additional 112,546 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in First Trust Preferred Securities and Income ETF by 8.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 334,467 shares of the company’s stock valued at $5,679,000 after buying an additional 26,008 shares during the period. Beacon Financial Group purchased a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $2,490,000. Finally, Cambridge Investment Research Advisors Inc. raised its position in First Trust Preferred Securities and Income ETF by 3.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,245,887 shares of the company’s stock worth $21,006,000 after acquiring an additional 36,186 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.3 %

Shares of First Trust Preferred Securities and Income ETF stock traded up $0.06 on Friday, reaching $17.78. 910,591 shares of the company traded hands, compared to its average volume of 1,244,109. The company has a 50 day moving average of $17.53 and a 200 day moving average of $17.33. First Trust Preferred Securities and Income ETF has a 52 week low of $15.46 and a 52 week high of $17.79.

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.