Transce3nd LLC Makes New Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Transce3nd LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,782 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors also recently modified their holdings of the company. MML Investors Services LLC raised its position in First Trust Preferred Securities and Income ETF by 10.2% during the 4th quarter. MML Investors Services LLC now owns 783,855 shares of the company’s stock valued at $13,874,000 after purchasing an additional 72,303 shares during the last quarter. First Trust Advisors LP lifted its holdings in First Trust Preferred Securities and Income ETF by 69.1% in the fourth quarter. First Trust Advisors LP now owns 148,837 shares of the company’s stock worth $2,634,000 after buying an additional 60,800 shares during the period. Garden State Investment Advisory Services LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $463,000. NewEdge Advisors LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 43.4% during the 4th quarter. NewEdge Advisors LLC now owns 336,302 shares of the company’s stock valued at $5,953,000 after buying an additional 101,827 shares in the last quarter. Finally, Integrity Wealth Advisors Inc. bought a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $22,183,000.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $17.17 on Wednesday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.23. The stock’s fifty day moving average price is $17.55 and its 200-day moving average price is $17.76.

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.