Advisory Services Network LLC Increases Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Advisory Services Network LLC grew its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 55.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,103 shares of the company’s stock after purchasing an additional 76,331 shares during the period. Advisory Services Network LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,772,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in First Trust Preferred Securities and Income ETF by 7.9% in the fourth quarter. Wells Fargo & Company MN now owns 13,744,821 shares of the company’s stock worth $243,283,000 after purchasing an additional 1,005,457 shares during the last quarter. LPL Financial LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 9.7% in the 4th quarter. LPL Financial LLC now owns 13,028,056 shares of the company’s stock valued at $230,597,000 after purchasing an additional 1,151,344 shares during the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth $151,643,000. HighTower Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 2,905,210 shares of the company’s stock valued at $51,422,000 after acquiring an additional 154,909 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 8.7% in the fourth quarter. Kestra Advisory Services LLC now owns 2,476,663 shares of the company’s stock worth $43,837,000 after buying an additional 198,154 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 2.0 %

FPE opened at $17.28 on Thursday. The company has a fifty day moving average of $17.67 and a two-hundred day moving average of $17.82. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week 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.