Steward Partners Investment Advisory LLC Grows Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Steward Partners Investment Advisory LLC boosted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 930,708 shares of the company’s stock after buying an additional 2,140 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $16,474,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FPE. Raleigh Capital Management Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after buying an additional 826 shares during the period. ORG Partners LLC grew its position in First Trust Preferred Securities and Income ETF by 1,655.6% in the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after acquiring an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after purchasing an additional 559 shares during the last quarter. Finally, Ehrlich Financial Group bought a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth $181,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.75 on Wednesday. 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 has a fifty day moving average price of $17.76 and a 200-day moving average price of $17.89.

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.