Private Wealth Asset Management LLC Raises Stock Position in First Trust Preferred Securities and Income ETF $FPE

Private Wealth Asset Management LLC grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1,472.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 82,290 shares of the company’s stock after acquiring an additional 77,057 shares during the period. Private Wealth Asset Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FPE. Jane Street Group LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 53.0% in the 1st quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock worth $4,626,000 after buying an additional 91,118 shares in the last quarter. First Trust Advisors LP lifted its holdings in First Trust Preferred Securities and Income ETF by 0.9% during the 2nd quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock valued at $2,911,000 after buying an additional 1,496 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter valued at about $249,000. NewEdge Advisors LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 2.5% during the 2nd quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock valued at $6,619,000 after buying an additional 9,236 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter valued at about $263,000.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.98 on Thursday. First Trust Preferred Securities and Income ETF has a one year low of $17.54 and a one year high of $18.51. The firm has a 50-day simple moving average of $17.99 and a 200-day simple moving average of $18.16.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.