RiverTree Advisors LLC Takes $916,000 Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

RiverTree Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,738 shares of the company’s stock, valued at approximately $916,000.

Several other hedge funds have also recently bought and sold shares of FPE. Creative Planning boosted its stake in shares of First Trust Preferred Securities and Income ETF by 32.8% during the 3rd quarter. Creative Planning now owns 14,869 shares of the company’s stock worth $269,000 after acquiring an additional 3,669 shares in the last quarter. Farther Finance Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after purchasing an additional 559 shares during the period. Acorn Wealth Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF during the third quarter valued at approximately $318,000. JPMorgan Chase & Co. raised its position in shares of First Trust Preferred Securities and Income ETF by 29.4% in the third quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after purchasing an additional 224,647 shares during the period. Finally, Elevation Capital Advisory LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter worth $5,750,000.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

NYSEARCA FPE opened at $17.76 on Monday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.82 and a 1 year high of $18.23. The company has a fifty day simple moving average of $17.82 and a 200 day simple moving average of $17.84.

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.