Ashton Thomas Private Wealth LLC Has $5.84 Million Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Ashton Thomas Private Wealth LLC increased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3,428.1% during the third quarter, Holdings Channel reports. The fund owned 322,611 shares of the company’s stock after acquiring an additional 313,467 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $5,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Proactive Wealth Strategies LLC purchased a new position in First Trust Preferred Securities and Income ETF during the third quarter valued at approximately $362,000. Harbour Investments Inc. grew its position in First Trust Preferred Securities and Income ETF by 0.6% in the third quarter. Harbour Investments Inc. now owns 365,991 shares of the company’s stock worth $6,624,000 after acquiring an additional 2,139 shares in the last quarter. Apollon Wealth Management LLC grew its position in First Trust Preferred Securities and Income ETF by 14.0% in the third quarter. Apollon Wealth Management LLC now owns 27,274 shares of the company’s stock worth $494,000 after acquiring an additional 3,343 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its position in First Trust Preferred Securities and Income ETF by 13.3% in the third quarter. Jaffetilchin Investment Partners LLC now owns 74,377 shares of the company’s stock worth $1,346,000 after acquiring an additional 8,755 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in First Trust Preferred Securities and Income ETF by 5.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 146,983 shares of the company’s stock worth $2,660,000 after acquiring an additional 7,889 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $18.04 on Tuesday. First Trust Preferred Securities and Income ETF has a one year low of $16.01 and a one year high of $18.23. The company’s fifty day moving average price is $18.05 and its two-hundred day moving average price is $17.66.

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.