Baxter Bros Inc. Purchases New Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Baxter Bros Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,477 shares of the company’s stock, valued at approximately $327,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its holdings in shares of First Trust Preferred Securities and Income ETF by 12.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,838 shares of the company’s stock valued at $269,000 after acquiring an additional 1,696 shares during the period. Citigroup Inc. increased its stake in First Trust Preferred Securities and Income ETF by 15.5% in the third quarter. Citigroup Inc. now owns 677,037 shares of the company’s stock valued at $12,254,000 after purchasing an additional 90,800 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 9.1% in the third quarter. Kingsview Wealth Management LLC now owns 108,408 shares of the company’s stock valued at $1,962,000 after buying an additional 9,062 shares during the last quarter. Centaurus Financial Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 11.3% in the third quarter. Centaurus Financial Inc. now owns 12,685 shares of the company’s stock valued at $230,000 after buying an additional 1,290 shares during the last quarter. Finally, Acorn Wealth Advisors LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter worth about $318,000.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $17.80 on Tuesday. The business’s 50-day moving average price is $17.77 and its 200 day moving average price is $17.88. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week 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.