Stephens Inc. AR Raises Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Stephens Inc. AR boosted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 173,152 shares of the company’s stock after buying an additional 11,338 shares during the quarter. Stephens Inc. AR’s holdings in First Trust Preferred Securities and Income ETF were worth $3,134,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FPE. Aspen Wealth Strategies LLC lifted its stake in First Trust Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock worth $922,000 after purchasing an additional 593 shares in the last quarter. Ameliora Wealth Management Ltd. lifted its stake in First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after purchasing an additional 690 shares in the last quarter. Patten Group Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 1.2% in the 2nd quarter. Patten Group Inc. now owns 78,132 shares of the company’s stock worth $1,356,000 after purchasing an additional 961 shares in the last quarter. TRUE Private Wealth Advisors lifted its stake in First Trust Preferred Securities and Income ETF by 5.5% in the 2nd quarter. TRUE Private Wealth Advisors now owns 18,936 shares of the company’s stock worth $329,000 after purchasing an additional 983 shares in the last quarter. Finally, FSC Wealth Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 85.3% in the 2nd quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.87 on Monday. The company’s 50 day simple moving average is $18.02 and its two-hundred day simple moving average is $17.62. First Trust Preferred Securities and Income ETF has a 1-year low of $15.77 and a 1-year high of $18.23.

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.