Jones Financial Companies Lllp Buys 78,035 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Jones Financial Companies Lllp grew its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 67.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 194,421 shares of the company’s stock after buying an additional 78,035 shares during the period. Jones Financial Companies Lllp owned approximately 0.06% of First Trust Preferred Securities and Income ETF worth $3,441,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Raleigh Capital Management Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 96.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after acquiring an additional 826 shares in the last quarter. ORG Partners LLC increased its position in shares of 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 valued at $47,000 after purchasing an additional 2,500 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after purchasing an additional 3,130 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after purchasing an additional 559 shares in the last quarter. Finally, Ehrlich Financial Group acquired a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth $181,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.79 on Thursday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23. The company’s fifty day moving average price is $17.76 and its two-hundred day moving average price is $17.89.

First Trust Preferred Securities and Income ETF Company 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.