First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Purchased by Stonebridge Advisors LLC

Stonebridge Advisors LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1,097.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,289,907 shares of the company’s stock after purchasing an additional 2,098,695 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 27.0% of Stonebridge Advisors LLC’s portfolio, making the stock its 3rd biggest position. Stonebridge Advisors LLC owned about 0.75% of First Trust Preferred Securities and Income ETF worth $40,531,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FPE. Raleigh Capital Management Inc. lifted its holdings in shares of 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 valued at $30,000 after purchasing an additional 826 shares in the last quarter. Promus Capital LLC bought a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $35,000. ORG Partners LLC boosted its position in 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 worth $47,000 after acquiring an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake 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 worth $68,000 after acquiring an additional 3,130 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in shares of First Trust Preferred Securities and Income ETF by 55.8% during the 4th quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock worth $74,000 after acquiring an additional 1,500 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $17.60 on Wednesday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23. The company’s fifty day simple moving average is $17.76 and its 200-day simple moving average is $17.87.

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.