TI Trust Inc. Increases Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

TI Trust Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,104 shares of the company’s stock after buying an additional 1,630 shares during the quarter. TI Trust Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Creative Financial Designs Inc. ADV increased its stake in First Trust Preferred Securities and Income ETF by 144.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 39,849 shares of the company’s stock worth $701,000 after purchasing an additional 23,573 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 7.4% in the first quarter. Perigon Wealth Management LLC now owns 13,273 shares of the company’s stock worth $233,000 after purchasing an additional 909 shares during the last quarter. Bessemer Group Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the 1st quarter worth about $79,000. Spire Wealth Management increased its stake in First Trust Preferred Securities and Income ETF by 9.5% in the 1st quarter. Spire Wealth Management now owns 12,534 shares of the company’s stock worth $220,000 after buying an additional 1,084 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 60.6% during the 1st quarter. International Assets Investment Management LLC now owns 138,454 shares of the company’s stock valued at $2,435,000 after buying an additional 52,221 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $17.80 on Thursday. The firm has a 50-day moving average of $17.49 and a two-hundred day moving average of $17.61. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.23.

First Trust Preferred Securities and Income ETF Company 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.