Ballew Advisors Inc Buys Shares of 27,050 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Ballew Advisors Inc purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 27,050 shares of the company’s stock, valued at approximately $474,000.

Several other large investors have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. lifted its holdings in First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after purchasing an additional 690 shares in the last quarter. Mattson Financial Services LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at about $46,000. ORG Partners LLC lifted its stake 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 worth $47,000 after buying an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after acquiring an additional 3,130 shares during the last quarter. Finally, FSC Wealth Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF by 75.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after acquiring an additional 1,648 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.76 on Friday. The company’s 50 day simple moving average is $17.82 and its two-hundred day simple moving average is $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.

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.