Raymond James & Associates raised its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 7.5% in the first quarter, Holdings Channel.com reports. The firm owned 3,334,448 shares of the company’s stock after buying an additional 232,363 shares during the period. Raymond James & Associates’ holdings in First Trust Preferred Securities and Income ETF were worth $57,753,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 264.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $26,000 after buying an additional 1,201 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $44,000. Creekmur Asset Management LLC bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $116,000. Cozad Asset Management Inc. bought a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $160,000. Finally, Woodmont Investment Counsel LLC bought a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $174,000.
First Trust Preferred Securities and Income ETF Trading Up 0.6 %
Shares of NYSEARCA FPE traded up $0.11 during mid-day trading on Friday, hitting $17.26. The company had a trading volume of 910,752 shares, compared to its average volume of 1,392,118. First Trust Preferred Securities and Income ETF has a 12 month low of $15.45 and a 12 month high of $17.45. The firm’s 50 day simple moving average is $17.21 and its two-hundred day simple moving average is $16.79.
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.
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Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report).
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