Northwest Wealth Management LLC Buys 5,545 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Northwest Wealth Management LLC increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,000 shares of the company’s stock after purchasing an additional 5,545 shares during the quarter. Northwest Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $903,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Independent Wealth Network Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 0.5% in the fourth quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock worth $1,921,000 after purchasing an additional 567 shares during the last quarter. Raleigh Capital Management Inc. grew its position in First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after acquiring an additional 826 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in 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 worth $298,000 after acquiring an additional 829 shares in the last quarter. US Bancorp DE grew its position in First Trust Preferred Securities and Income ETF by 0.6% in the fourth quarter. US Bancorp DE now owns 153,440 shares of the company’s stock worth $2,717,000 after acquiring an additional 859 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its position in First Trust Preferred Securities and Income ETF by 1.6% in the fourth quarter. DAVENPORT & Co LLC now owns 56,574 shares of the company’s stock worth $1,001,000 after acquiring an additional 883 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.4 %

FPE opened at $17.61 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23. The stock has a 50-day moving average of $17.76 and a 200 day moving average of $17.89.

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.