Woodmont Investment Counsel LLC Takes Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Woodmont Investment Counsel LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,817 shares of the company’s stock, valued at approximately $449,000.

Other large investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. boosted its holdings 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 acquiring an additional 690 shares during the period. Opal Wealth Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF during the 2nd quarter valued at about $26,000. FSC Wealth Advisors LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 85.3% in the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the period. Mattson Financial Services LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at approximately $46,000. Finally, Larson Financial Group LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 117.1% during the second quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock worth $46,000 after buying an additional 1,441 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $18.01 on Friday. First Trust Preferred Securities and Income ETF has a 12-month low of $15.92 and a 12-month high of $18.23. The business has a 50 day simple moving average of $18.04 and a 200 day simple moving average of $17.64.

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.