ROI Financial Advisors LLC Buys 2,662 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

ROI Financial Advisors LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,706 shares of the company’s stock after purchasing an additional 2,662 shares during the quarter. ROI Financial Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the first quarter worth $330,000. Wintrust Investments LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 5.7% during the 1st quarter. Wintrust Investments LLC now owns 356,745 shares of the company’s stock valued at $6,179,000 after acquiring an additional 19,115 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 5.7% during the first quarter. Osaic Holdings Inc. now owns 1,948,087 shares of the company’s stock worth $33,742,000 after purchasing an additional 105,532 shares in the last quarter. Ironwood Investment Counsel LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 27.5% in the first quarter. Ironwood Investment Counsel LLC now owns 500,669 shares of the company’s stock worth $8,672,000 after purchasing an additional 108,092 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in First Trust Preferred Securities and Income ETF in the first quarter valued at approximately $517,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $18.01 on Thursday. The firm has a 50 day simple moving average of $18.06 and a two-hundred day simple moving average of $17.67. First Trust Preferred Securities and Income ETF has a one year low of $16.09 and a one year high of $18.23.

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.