143,564 Shares in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Acquired by Hickory Asset Management Inc.

Hickory Asset Management Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 143,564 shares of the company’s stock, valued at approximately $2,541,000. First Trust Preferred Securities and Income ETF comprises approximately 2.2% of Hickory Asset Management Inc.’s portfolio, making the stock its 13th largest position.

A number of other hedge funds have also recently bought and sold shares of FPE. Creative Planning boosted its position in First Trust Preferred Securities and Income ETF by 32.8% in the 3rd quarter. Creative Planning now owns 14,869 shares of the company’s stock valued at $269,000 after buying an additional 3,669 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 11.2% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 19,309 shares of the company’s stock valued at $349,000 after purchasing an additional 1,950 shares during the period. Secure Asset Management LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 13.5% in the 3rd quarter. Secure Asset Management LLC now owns 26,417 shares of the company’s stock valued at $478,000 after purchasing an additional 3,139 shares during the period. Cedrus LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 26.8% in the 3rd quarter. Cedrus LLC now owns 164,212 shares of the company’s stock valued at $2,972,000 after purchasing an additional 34,699 shares during the period. Finally, Midwest Heritage Bank FSB lifted its stake in shares of First Trust Preferred Securities and Income ETF by 4.3% in the 3rd quarter. Midwest Heritage Bank FSB now owns 286,082 shares of the company’s stock valued at $5,178,000 after purchasing an additional 11,860 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.85 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23. The stock’s fifty day simple moving average is $17.76 and its 200 day simple moving average is $17.87.

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.