LPL Financial LLC Boosts Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

LPL Financial LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,028,056 shares of the company’s stock after purchasing an additional 1,151,344 shares during the quarter. LPL Financial LLC owned approximately 4.26% of First Trust Preferred Securities and Income ETF worth $230,597,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Independent Wealth Network Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 0.5% in the 4th quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock worth $1,921,000 after purchasing an additional 567 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after buying an additional 826 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 5.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after buying an additional 829 shares during the last quarter. US Bancorp DE grew its stake in shares of First Trust Preferred Securities and Income ETF by 0.6% during the 4th quarter. US Bancorp DE now owns 153,440 shares of the company’s stock worth $2,717,000 after acquiring an additional 859 shares during the period. Finally, DAVENPORT & Co LLC increased its holdings in First Trust Preferred Securities and Income ETF by 1.6% in the 4th quarter. DAVENPORT & Co LLC now owns 56,574 shares of the company’s stock worth $1,001,000 after acquiring an additional 883 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.77 on Monday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23. The stock’s 50-day simple moving average is $17.76 and its 200 day simple moving average is $17.88.

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.