Topsail Wealth Management LLC Makes New $384,000 Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Topsail Wealth Management LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 21,721 shares of the company’s stock, valued at approximately $384,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC acquired a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at approximately $12,838,000. Tudor Financial Inc. bought a new stake in First Trust Preferred Securities and Income ETF in the 3rd quarter valued at $407,000. Pine Valley Investments Ltd Liability Co acquired a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter worth $1,261,000. Synovus Financial Corp increased its holdings in First Trust Preferred Securities and Income ETF by 9.1% during the 3rd quarter. Synovus Financial Corp now owns 86,405 shares of the company’s stock worth $1,564,000 after purchasing an additional 7,218 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of First Trust Preferred Securities and Income ETF by 29.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after purchasing an additional 224,647 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.34 on Friday. The stock’s 50-day moving average is $17.53 and its 200-day moving average is $17.75. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.23.

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.