SRS Capital Advisors Inc. Raises Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

SRS Capital Advisors Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,928,594 shares of the company’s stock after purchasing an additional 396,606 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 2.1% of SRS Capital Advisors Inc.’s portfolio, making the stock its 8th biggest holding. SRS Capital Advisors Inc. owned 0.63% of First Trust Preferred Securities and Income ETF worth $34,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FPE. Falcon Wealth Planning bought a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $19,169,000. LPL Financial LLC increased its stake in First Trust Preferred Securities and Income ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after acquiring an additional 1,035,105 shares during the last quarter. Barclays PLC bought a new stake in First Trust Preferred Securities and Income ETF in the 3rd quarter worth approximately $12,838,000. Advisory Alpha LLC bought a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $11,641,000. Finally, Private Advisor Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 144.8% in the 4th quarter. Private Advisor Group LLC now owns 879,316 shares of the company’s stock worth $15,564,000 after acquiring an additional 520,161 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

NYSEARCA:FPE opened at $17.85 on Friday. The stock’s 50 day simple moving average is $17.76 and its two-hundred day simple moving average is $17.89. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23.

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.