American Institute for Advanced Investment Management LLP Increases Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

American Institute for Advanced Investment Management LLP raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 55.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,025 shares of the company’s stock after purchasing an additional 8,600 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in First Trust Preferred Securities and Income ETF were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FPE. Gries Financial LLC acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $548,000. Strategic Blueprint LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 44.9% during the fourth quarter. Strategic Blueprint LLC now owns 70,665 shares of the company’s stock valued at $1,251,000 after purchasing an additional 21,899 shares during the period. Twelve Points Wealth Management LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 11.6% during the fourth quarter. Twelve Points Wealth Management LLC now owns 450,580 shares of the company’s stock valued at $7,975,000 after purchasing an additional 46,973 shares during the period. Barry Investment Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 107.3% during the fourth quarter. Barry Investment Advisors LLC now owns 47,675 shares of the company’s stock worth $844,000 after purchasing an additional 24,674 shares in the last quarter. Finally, Falcon Wealth Planning purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $19,169,000.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $17.73 on Thursday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23. The firm’s fifty day moving average price is $17.79 and its 200 day moving average price is $17.85.

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.