IFP Advisors Inc Boosts Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

IFP Advisors Inc grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,450 shares of the company’s stock after purchasing an additional 22,648 shares during the period. IFP Advisors Inc owned about 0.05% of First Trust Preferred Securities and Income ETF worth $2,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC increased its stake 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 buying an additional 559 shares during the period. Independent Wealth Network Inc. grew its stake in First Trust Preferred Securities and Income ETF by 0.5% in the 4th quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock worth $1,921,000 after acquiring an additional 567 shares in the last quarter. Aspen Wealth Strategies LLC increased its position 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 worth $922,000 after acquiring an additional 593 shares during the period. Raleigh Capital Management Inc. raised 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 acquiring an additional 826 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.3% in the third quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after purchasing an additional 829 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE opened at $17.78 on Tuesday. The business’s 50 day moving average is $17.75 and its 200 day moving average is $17.88. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23.

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.