14,939 Shares in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Bought by Tanager Wealth Management LLP

Tanager Wealth Management LLP acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,939 shares of the company’s stock, valued at approximately $264,000.

A number of other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in shares of 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 valued at $184,000 after purchasing an additional 559 shares during the period. Independent Wealth Network Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 0.5% during the fourth quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after purchasing an additional 567 shares during the period. Aspen Wealth Strategies LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 1.2% during the third quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock valued at $922,000 after purchasing an additional 593 shares during the period. Ameliora Wealth Management Ltd. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 93.1% during the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after purchasing an additional 690 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after purchasing an additional 826 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.76 on Wednesday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23. The firm has a fifty day moving average price of $17.78 and a 200-day moving average price of $17.85.

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.