415,820 Shares in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Purchased by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 415,820 shares of the company’s stock, valued at approximately $7,360,000. First Trust Preferred Securities and Income ETF makes up approximately 2.4% of Prasad Wealth Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Prasad Wealth Partners LLC owned 0.14% of First Trust Preferred Securities and Income ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 96.6% during the 4th 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 during the period. ORG Partners LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after acquiring an additional 2,500 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 435.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares during the period. Ehrlich Financial Group acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at approximately $181,000. Finally, Farther Finance Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 5.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after acquiring an additional 559 shares during the period.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

FPE stock opened at $17.78 on Tuesday. The firm has a 50 day moving average of $17.75 and a 200-day moving average of $17.88. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23.

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.