Raleigh Capital Management Inc. Raises Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Raleigh Capital Management Inc. boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 96.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,681 shares of the company’s stock after buying an additional 826 shares during the period. Raleigh Capital Management Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of FPE. Creative Planning grew its position in shares of First Trust Preferred Securities and Income ETF by 32.8% during the third quarter. Creative Planning now owns 14,869 shares of the company’s stock valued at $269,000 after purchasing an additional 3,669 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after purchasing an additional 559 shares in the last quarter. Acorn Wealth Advisors LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the third quarter valued at about $318,000. JPMorgan Chase & Co. grew its position in shares of First Trust Preferred Securities and Income ETF by 29.4% during the third quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after purchasing an additional 224,647 shares in the last quarter. Finally, Elevation Capital Advisory LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at about $5,750,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.72 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23. The business has a 50-day moving average price of $17.80 and a 200-day moving average price of $17.84.

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.