Acorn Wealth Advisors LLC Purchases New Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Acorn Wealth Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 3rd quarter, Holdings Channel reports. The firm acquired 17,555 shares of the company’s stock, valued at approximately $318,000.

Several other large investors have also bought and sold shares of FPE. Quadrature Capital Ltd purchased a new stake in First Trust Preferred Securities and Income ETF in the first quarter worth $286,000. B. Riley Wealth Advisors Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 673.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 171,273 shares of the company’s stock worth $2,735,000 after acquiring an additional 149,128 shares in the last quarter. LRI Investments LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the first quarter valued at approximately $870,000. ARQ Wealth Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $1,202,000. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Preferred Securities and Income ETF by 194.9% in the 1st quarter. Cetera Investment Advisers now owns 1,141,966 shares of the company’s stock worth $19,779,000 after buying an additional 754,718 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock traded up $0.04 during mid-day trading on Monday, reaching $17.85. The stock had a trading volume of 57,238 shares, compared to its average volume of 1,223,398. First Trust Preferred Securities and Income ETF has a one year low of $16.14 and a one year high of $18.23. The company has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $17.71.

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.