Perennial Investment Advisors LLC Has $1.24 Million Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Perennial Investment Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 70,156 shares of the company’s stock after buying an additional 5,865 shares during the period. Perennial Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Perigon Wealth Management LLC bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $219,000. Atomi Financial Group Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at $232,000. JPMorgan Chase & Co. increased 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 worth $17,912,000 after buying an additional 224,647 shares during the period. Atria Wealth Solutions Inc. raised its stake in First Trust Preferred Securities and Income ETF by 14.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 186,672 shares of the company’s stock worth $3,304,000 after buying an additional 23,067 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in First Trust Preferred Securities and Income ETF by 12.9% in the third quarter. Thrivent Financial for Lutherans now owns 14,838 shares of the company’s stock valued at $269,000 after buying an additional 1,696 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 1.4 %

Shares of FPE opened at $17.22 on Friday. The firm’s fifty day simple moving average is $17.74 and its two-hundred day simple moving average is $17.86. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23.

About First Trust Preferred Securities and Income ETF

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.