First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Acquired by Matrix Trust Co

Matrix Trust Co raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 609.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 67,774 shares of the company’s stock after acquiring an additional 58,218 shares during the quarter. Matrix Trust Co’s holdings in First Trust Preferred Securities and Income ETF were worth $1,200,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 8.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 605,588 shares of the company’s stock valued at $10,961,000 after acquiring an additional 45,783 shares during the last quarter. ORG Partners LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after purchasing an additional 2,500 shares in the last quarter. Private Client Services LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 2.7% in the fourth quarter. Private Client Services LLC now owns 180,764 shares of the company’s stock valued at $3,200,000 after purchasing an additional 4,719 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of First Trust Preferred Securities and Income ETF by 29.4% in the third quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after purchasing an additional 224,647 shares in the last quarter. Finally, Synovus Financial Corp grew its position in shares of First Trust Preferred Securities and Income ETF by 9.1% in the third quarter. Synovus Financial Corp now owns 86,405 shares of the company’s stock valued at $1,564,000 after purchasing an additional 7,218 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $17.59 on Monday. The business has a 50 day simple moving average of $17.86 and a 200-day simple moving average of $17.83. First Trust Preferred Securities and Income ETF has a 1 year low of $16.82 and a 1 year high of $18.23.

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.