First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 440,652 shares of the company’s stock after buying an additional 15,814 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $7,976,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. LPL Financial LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 3.5% during the second quarter. LPL Financial LLC now owns 10,841,607 shares of the company’s stock valued at $188,210,000 after purchasing an additional 362,026 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 2.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,552,458 shares of the company’s stock worth $96,391,000 after buying an additional 157,982 shares in the last quarter. Kestra Advisory Services LLC boosted its position in First Trust Preferred Securities and Income ETF by 4.9% in the 1st quarter. Kestra Advisory Services LLC now owns 2,134,429 shares of the company’s stock valued at $36,968,000 after buying an additional 100,431 shares during the last quarter. Osaic Holdings Inc. boosted its position in First Trust Preferred Securities and Income ETF by 5.7% in the 1st quarter. Osaic Holdings Inc. now owns 1,948,087 shares of the company’s stock valued at $33,742,000 after buying an additional 105,532 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,642.3% during the third quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock valued at $279,530,000 after acquiring an additional 1,455,731 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.4 %

Shares of NYSEARCA:FPE traded down $0.08 during trading on Wednesday, hitting $17.93. The company’s stock had a trading volume of 253,635 shares, compared to its average volume of 1,224,658. First Trust Preferred Securities and Income ETF has a fifty-two week low of $15.92 and a fifty-two week high of $18.23. The stock’s 50-day moving average price is $18.03 and its two-hundred day moving average price is $17.63.

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.