Seros Financial LLC Takes Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Seros Financial LLC bought a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 401,017 shares of the company’s stock, valued at approximately $6,962,000. First Trust Preferred Securities and Income ETF comprises 6.3% of Seros Financial LLC’s portfolio, making the stock its 7th largest holding. Seros Financial LLC owned about 0.13% of First Trust Preferred Securities and Income ETF at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FPE. Stonebridge Advisors LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 25.1% in the second quarter. Stonebridge Advisors LLC now owns 228,435 shares of the company’s stock valued at $3,966,000 after buying an additional 45,880 shares during the period. Bank of Montreal Can lifted its holdings in First Trust Preferred Securities and Income ETF by 11.4% during the second quarter. Bank of Montreal Can now owns 245,835 shares of the company’s stock valued at $4,287,000 after purchasing an additional 25,167 shares during the last quarter. Elevation Capital Advisory LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth about $5,750,000. Traction Financial Partners LLC increased its holdings in First Trust Preferred Securities and Income ETF by 10.0% during the 2nd quarter. Traction Financial Partners LLC now owns 278,441 shares of the company’s stock worth $4,928,000 after acquiring an additional 25,333 shares during the period. Finally, Advisory Alpha LLC grew its position in First Trust Preferred Securities and Income ETF by 150.3% in the second quarter. Advisory Alpha LLC now owns 552,002 shares of the company’s stock worth $9,583,000 after acquiring an additional 331,469 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

FPE stock opened at $17.74 on Friday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.94 and a 52 week high of $18.23. The firm’s fifty day moving average is $17.81 and its 200 day moving average is $17.84.

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.