First Trust Preferred Securities and Income ETF $FPE Shares Bought by Summit Financial LLC

Summit Financial LLC raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,207 shares of the company’s stock after acquiring an additional 4,141 shares during the period. Summit Financial LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,446,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. acquired a new stake in First Trust Preferred Securities and Income ETF in the first quarter valued at approximately $28,000. Mattson Financial Services LLC boosted its stake in First Trust Preferred Securities and Income ETF by 42.5% in the fourth quarter. Mattson Financial Services LLC now owns 3,753 shares of the company’s stock valued at $68,000 after acquiring an additional 1,119 shares in the last quarter. Bessemer Group Inc. acquired a new stake in First Trust Preferred Securities and Income ETF in the first quarter valued at approximately $79,000. Capital Analysts LLC boosted its stake in First Trust Preferred Securities and Income ETF by 13,641.0% in the first quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock valued at $94,000 after acquiring an additional 5,320 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 42.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,465 shares of the company’s stock valued at $96,000 after acquiring an additional 1,616 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $18.09 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.23. The company has a 50 day moving average of $17.90 and a two-hundred day moving average of $17.66.

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.