Gladstone Institutional Advisory LLC Increases Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Gladstone Institutional Advisory LLC raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 330,643 shares of the company’s stock after acquiring an additional 9,378 shares during the quarter. Gladstone Institutional Advisory LLC owned approximately 0.11% of First Trust Preferred Securities and Income ETF worth $5,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FPE. Perigon Wealth Management LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $219,000. Atomi Financial Group Inc. bought a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth $232,000. Creative Planning raised its holdings in First Trust Preferred Securities and Income ETF by 32.8% in the third quarter. Creative Planning now owns 14,869 shares of the company’s stock worth $269,000 after purchasing an additional 3,669 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after buying an additional 559 shares in the last quarter. Finally, Acorn Wealth Advisors LLC purchased a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter valued at about $318,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.82 on Wednesday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two week high of $18.23. The firm’s 50-day simple moving average is $17.77 and its two-hundred day simple moving average is $17.86.

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.