First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,380,543 shares of the company’s stock after purchasing an additional 156,873 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 2.6% of SRS Capital Advisors Inc.’s portfolio, making the stock its 11th biggest holding. SRS Capital Advisors Inc. owned 0.42% of First Trust Preferred Securities and Income ETF worth $23,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FPE. Triumph Capital Management lifted its stake in shares of First Trust Preferred Securities and Income ETF by 8.3% in the 4th quarter. Triumph Capital Management now owns 510,642 shares of the company’s stock worth $8,609,000 after acquiring an additional 38,926 shares during the period. Kestra Private Wealth Services LLC boosted its stake in First Trust Preferred Securities and Income ETF by 35.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 475,222 shares of the company’s stock valued at $8,012,000 after purchasing an additional 125,271 shares in the last quarter. Choreo LLC bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $925,000. Silver Oak Securities Incorporated acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at $222,000. Finally, Magnus Financial Group LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 16.5% in the 4th quarter. Magnus Financial Group LLC now owns 1,368,189 shares of the company’s stock worth $23,068,000 after buying an additional 193,706 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.7 %

FPE stock traded up $0.12 during trading hours on Thursday, hitting $17.18. 877,812 shares of the stock traded hands, compared to its average volume of 1,392,126. The stock has a 50-day simple moving average of $17.21 and a 200 day simple moving average of $16.77. First Trust Preferred Securities and Income ETF has a one year low of $15.45 and a one year high of $17.45.

First Trust Preferred Securities and Income ETF 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.