Harvest Investment Services LLC Increases Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Harvest Investment Services LLC raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 30.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 90,579 shares of the company’s stock after purchasing an additional 20,958 shares during the period. Harvest Investment Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,603,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Stifel Financial Corp grew its stake in First Trust Preferred Securities and Income ETF by 1.4% in the 4th quarter. Stifel Financial Corp now owns 2,086,331 shares of the company’s stock valued at $36,928,000 after acquiring an additional 29,609 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 6.0% in the fourth quarter. OneDigital Investment Advisors LLC now owns 125,540 shares of the company’s stock valued at $2,222,000 after purchasing an additional 7,075 shares during the period. State of Tennessee Department of Treasury purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth about $8,483,000. Transce3nd LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth about $32,000. Finally, MML Investors Services LLC lifted its stake in First Trust Preferred Securities and Income ETF by 10.2% in the 4th quarter. MML Investors Services LLC now owns 783,855 shares of the company’s stock valued at $13,874,000 after buying an additional 72,303 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.8 %

NYSEARCA:FPE opened at $17.11 on Tuesday. The stock has a 50 day moving average of $17.57 and a two-hundred day moving average of $17.76. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 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.