Sound Income Strategies LLC Boosts Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Sound Income Strategies LLC raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 295,072 shares of the company’s stock after acquiring an additional 9,322 shares during the quarter. Sound Income Strategies LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $5,341,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its holdings in shares of First Trust Preferred Securities and Income ETF by 194.9% in the 1st quarter. Cetera Investment Advisers now owns 1,141,966 shares of the company’s stock valued at $19,779,000 after acquiring an additional 754,718 shares during the period. Waverly Advisors LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth $11,610,000. Synergy Asset Management LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth about $7,359,000. Ameritas Investment Partners Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 1,275.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after buying an additional 380,318 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 3.5% in the 2nd quarter. LPL Financial LLC now owns 10,841,607 shares of the company’s stock worth $188,210,000 after buying an additional 362,026 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.2 %

FPE stock traded up $0.03 during trading on Friday, hitting $18.13. The stock had a trading volume of 676,862 shares, compared to its average volume of 1,239,486. First Trust Preferred Securities and Income ETF has a 1-year low of $15.46 and a 1-year high of $18.23. The company’s 50 day moving average price is $17.90 and its two-hundred day moving average price is $17.53.

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.