Independent Advisor Alliance Takes Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Independent Advisor Alliance acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 842,311 shares of the company’s stock, valued at approximately $14,909,000. Independent Advisor Alliance owned 0.28% of First Trust Preferred Securities and Income ETF at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Creative Planning raised its position in First Trust Preferred Securities and Income ETF by 32.8% in the third 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 grew its holdings in 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 during the last quarter. Sigma Planning Corp grew its holdings in First Trust Preferred Securities and Income ETF by 10.7% in the third quarter. Sigma Planning Corp now owns 360,186 shares of the company’s stock valued at $6,519,000 after purchasing an additional 34,789 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in First Trust Preferred Securities and Income ETF by 5.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 146,983 shares of the company’s stock valued at $2,660,000 after purchasing an additional 7,889 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC grew its holdings in First Trust Preferred Securities and Income ETF by 13.3% in the third quarter. Jaffetilchin Investment Partners LLC now owns 74,377 shares of the company’s stock valued at $1,346,000 after purchasing an additional 8,755 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

FPE opened at $17.75 on Monday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week high of $18.23. The business’s fifty day simple moving average is $17.76 and its 200 day simple moving average 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.