Meridian Financial Partners LLC Takes $742,000 Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Meridian Financial Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,910 shares of the company’s stock, valued at approximately $742,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ameliora Wealth Management Ltd. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after purchasing an additional 690 shares during the last quarter. Mattson Financial Services LLC acquired a new position in First Trust Preferred Securities and Income ETF in the second quarter valued at about $46,000. ORG Partners LLC grew its stake in First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after buying an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after buying an additional 3,130 shares in the last quarter. Finally, FSC Wealth Advisors LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 75.9% in the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after acquiring an additional 1,648 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.57 on Wednesday. The business’s 50 day simple moving average is $17.84 and its 200-day simple moving average is $17.83. First Trust Preferred Securities and Income ETF has a one year low of $16.82 and a one year high of $18.23.

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.