Moors & Cabot Inc. Buys 4,550 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Moors & Cabot Inc. increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,204 shares of the company’s stock after buying an additional 4,550 shares during the period. Moors & Cabot Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waterloo Capital L.P. purchased a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth approximately $1,248,000. Chicago Partners Investment Group LLC raised its position in First Trust Preferred Securities and Income ETF by 8.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 334,467 shares of the company’s stock valued at $5,679,000 after purchasing an additional 26,008 shares in the last quarter. Beacon Financial Group purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $2,490,000. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 3.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,245,887 shares of the company’s stock worth $21,006,000 after buying an additional 36,186 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 1.4% during the first quarter. Park Avenue Securities LLC now owns 169,664 shares of the company’s stock valued at $2,939,000 after buying an additional 2,291 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

NYSEARCA:FPE opened at $18.09 on Wednesday. First Trust Preferred Securities and Income ETF has a 1-year low of $15.46 and a 1-year high of $18.10. The company has a 50-day moving average of $17.69 and a 200 day moving average of $17.43.

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.