First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Holdings Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,152,252 shares of the company’s stock after acquiring an additional 358,369 shares during the period. Envestnet Asset Management Inc. owned approximately 0.70% of First Trust Preferred Securities and Income ETF worth $38,095,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FPE. Raleigh Capital Management Inc. grew its holdings 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 during the period. Promus Capital LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $35,000. ORG Partners LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after purchasing an additional 3,130 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in First Trust Preferred Securities and Income ETF by 55.8% during the fourth quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock worth $74,000 after buying an additional 1,500 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $16.99 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.23. The firm’s 50 day moving average price is $17.64 and its two-hundred day moving average price is $17.81.

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.