Newman Dignan & Sheerar Inc. Purchases 9,600 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Newman Dignan & Sheerar Inc. increased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 336,698 shares of the company’s stock after purchasing an additional 9,600 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for approximately 1.5% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 17th largest position. Newman Dignan & Sheerar Inc. owned 0.11% of First Trust Preferred Securities and Income ETF worth $5,960,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. raised its stake in First Trust Preferred Securities and Income ETF by 96.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after acquiring an additional 826 shares in the last quarter. ORG Partners LLC raised its stake in First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after acquiring an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after acquiring an additional 3,130 shares in the last quarter. FSC Wealth Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after acquiring an additional 1,648 shares in the last quarter. Finally, Ehrlich Financial Group acquired a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $181,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.85 on Friday. The stock has a 50-day moving average price of $17.76 and a two-hundred day moving average price of $17.87. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23.

First Trust Preferred Securities and Income ETF Company 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.