Puff Wealth Management LLC Makes New Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Puff Wealth Management LLC acquired a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the fourth quarter, Holdings Channel.com reports. The firm acquired 60,848 shares of the company’s stock, valued at approximately $1,077,000. First Trust Preferred Securities and Income ETF accounts for approximately 1.8% of Puff Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors have also recently modified their holdings of the company. Perigon Wealth Management LLC bought a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $219,000. Atomi Financial Group Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at $232,000. Creative Planning grew its holdings 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 valued at $269,000 after purchasing an additional 3,669 shares during the last quarter. Farther Finance Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 5.8% in the 3rd 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. Finally, Acorn Wealth Advisors LLC bought a new stake in First Trust Preferred Securities and Income ETF in the third quarter worth $318,000.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

Shares of NYSEARCA:FPE opened at $17.85 on Friday. The stock’s 50-day moving average price is $17.76 and its 200-day moving average price is $17.87. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month 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.