SRS Capital Advisors Inc. Has $23.28 Million Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

SRS Capital Advisors Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,380,543 shares of the company’s stock after purchasing an additional 156,873 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for approximately 2.6% of SRS Capital Advisors Inc.’s investment portfolio, making the stock its 11th largest holding. SRS Capital Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $23,276,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FPE. UBS Group AG raised its position in First Trust Preferred Securities and Income ETF by 1.1% in the third quarter. UBS Group AG now owns 9,900,363 shares of the company’s stock worth $158,109,000 after purchasing an additional 109,938 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 0.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,328,057 shares of the company’s stock worth $85,089,000 after buying an additional 38,562 shares in the last quarter. Raymond James & Associates lifted its position in shares of First Trust Preferred Securities and Income ETF by 5.8% during the 4th quarter. Raymond James & Associates now owns 3,102,085 shares of the company’s stock worth $52,301,000 after buying an additional 169,272 shares during the period. HighTower Advisors LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the 3rd quarter valued at $41,204,000. Finally, Stifel Financial Corp boosted its stake in First Trust Preferred Securities and Income ETF by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 2,418,800 shares of the company’s stock valued at $38,628,000 after buying an additional 38,411 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock traded up $0.12 during mid-day trading on Thursday, hitting $17.18. 877,812 shares of the company were exchanged, compared to its average volume of 1,392,126. The business has a fifty day moving average of $17.21 and a 200 day moving average of $16.77. First Trust Preferred Securities and Income ETF has a 1-year low of $15.45 and a 1-year high of $17.45.

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.