Raymond James & Associates Acquires 232,363 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Raymond James & Associates increased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,334,448 shares of the company’s stock after acquiring an additional 232,363 shares during the quarter. Raymond James & Associates owned approximately 1.09% of First Trust Preferred Securities and Income ETF worth $57,753,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FPE. Kingsview Wealth Management LLC raised its holdings in First Trust Preferred Securities and Income ETF by 1.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 263,015 shares of the company’s stock worth $4,200,000 after purchasing an additional 4,006 shares in the last quarter. Brookstone Capital Management raised its stake in First Trust Preferred Securities and Income ETF by 172.9% during the 4th quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock worth $1,468,000 after acquiring an additional 55,171 shares during the period. Summit Financial Wealth Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 42.3% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock worth $468,000 after acquiring an additional 8,259 shares during the period. Wagner Wealth Management LLC raised its stake in First Trust Preferred Securities and Income ETF by 4.9% during the 4th quarter. Wagner Wealth Management LLC now owns 20,866 shares of the company’s stock worth $352,000 after acquiring an additional 972 shares during the period. Finally, Marion Wealth Management bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $4,705,000.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE traded up $0.11 on Friday, reaching $17.26. 910,752 shares of the stock were exchanged, compared to its average volume of 1,392,118. First Trust Preferred Securities and Income ETF has a one year low of $15.45 and a one year high of $17.45. The company’s 50-day simple moving average is $17.21 and its two-hundred day simple moving average is $16.79.

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.