TrueWealth Advisors LLC Increases Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

TrueWealth Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 50,728 shares of the company’s stock after acquiring an additional 2,050 shares during the period. TrueWealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $898,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Stonebridge Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 25.1% during the second quarter. Stonebridge Advisors LLC now owns 228,435 shares of the company’s stock worth $3,966,000 after purchasing an additional 45,880 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,275.1% in the second quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after acquiring an additional 380,318 shares in the last quarter. Bank of Montreal Can increased its position in shares of First Trust Preferred Securities and Income ETF by 11.4% during the second quarter. Bank of Montreal Can now owns 245,835 shares of the company’s stock worth $4,287,000 after acquiring an additional 25,167 shares during the period. Trinity Legacy Partners LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 2.3% in the second quarter. Trinity Legacy Partners LLC now owns 972,141 shares of the company’s stock valued at $16,876,000 after acquiring an additional 22,076 shares in the last quarter. Finally, Elevation Capital Advisory LLC purchased a new position in First Trust Preferred Securities and Income ETF in the second quarter valued at $5,750,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.76 on Friday. The stock’s 50-day moving average is $17.82 and its two-hundred day moving average is $17.83. First Trust Preferred Securities and Income ETF has a 1-year low of $16.82 and a 1-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.