First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stock Position Increased by Glass Jacobson Investment Advisors llc

Glass Jacobson Investment Advisors llc raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 344,840 shares of the company’s stock after buying an additional 11,746 shares during the period. First Trust Preferred Securities and Income ETF comprises 2.0% of Glass Jacobson Investment Advisors llc’s investment portfolio, making the stock its 2nd biggest position. Glass Jacobson Investment Advisors llc owned approximately 0.11% of First Trust Preferred Securities and Income ETF worth $6,104,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FPE. Independent Wealth Network Inc. grew its stake in 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 valued at $1,921,000 after acquiring an additional 567 shares during the period. Level Four Advisory Services LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 2.5% during the fourth quarter. Level Four Advisory Services LLC now owns 33,172 shares of the company’s stock valued at $587,000 after purchasing an additional 799 shares in the last quarter. Raleigh Capital Management Inc. grew its position 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 purchasing an additional 826 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock worth $298,000 after purchasing an additional 829 shares in the last quarter. Finally, US Bancorp DE raised its position 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 purchasing an additional 859 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 1.2 %

FPE stock opened at $17.08 on Friday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.23. The business’s 50-day moving average is $17.66 and its 200 day moving average is $17.82.

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.