Synovus Financial Corp Has $1.56 Million Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Synovus Financial Corp boosted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,405 shares of the company’s stock after acquiring an additional 7,218 shares during the period. Synovus Financial Corp’s holdings in First Trust Preferred Securities and Income ETF were worth $1,564,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FPE. LPL Financial LLC increased its position in First Trust Preferred Securities and Income ETF by 9.5% during the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after acquiring an additional 1,035,105 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.9% during 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 purchasing an additional 157,982 shares during the period. HighTower Advisors LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 5.0% during the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after buying an additional 131,536 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of First Trust Preferred Securities and Income ETF by 19.9% in the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after buying an additional 341,396 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in First Trust Preferred Securities and Income ETF by 1.2% during the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock worth $33,290,000 after buying an additional 21,624 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.8 %

First Trust Preferred Securities and Income ETF stock opened at $17.82 on Monday. The business has a 50 day moving average price of $17.99 and a two-hundred day moving average price of $17.78. First Trust Preferred Securities and Income ETF has a 12 month low of $16.69 and a 12 month high of $18.23.

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.