TFG Advisers LLC Purchases New Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

TFG Advisers LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,930 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after purchasing an additional 1,035,105 shares in the last quarter. HighTower Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF by 5.0% during the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock worth $49,777,000 after buying an additional 131,536 shares in the last quarter. Stifel Financial Corp increased its holdings in First Trust Preferred Securities and Income ETF by 19.9% in the 3rd quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after buying an additional 341,396 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of First Trust Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock valued at $33,290,000 after buying an additional 21,624 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 15.7% during the 3rd quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock worth $29,362,000 after acquiring an additional 220,692 shares during the period.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

NYSEARCA FPE opened at $17.80 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23. The firm’s 50 day simple moving average is $17.78 and its 200 day simple moving average is $17.85.

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.