Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Position in First Trust Preferred Securities and Income ETF $FPE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.3% during the first quarter, Holdings Channel.com reports. The fund owned 1,239,522 shares of the company’s stock after acquiring an additional 51,664 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in First Trust Preferred Securities and Income ETF were worth $22,002,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FPE. World Investment Advisors purchased a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth $526,000. Econ Financial Services Corp purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $2,129,000. Juno Financial Group LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $5,561,000. Appleton Partners Inc. MA raised its stake in shares of First Trust Preferred Securities and Income ETF by 26.5% in the fourth quarter. Appleton Partners Inc. MA now owns 203,925 shares of the company’s stock valued at $3,716,000 after acquiring an additional 42,681 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 17.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 427,459 shares of the company’s stock worth $7,788,000 after acquiring an additional 62,762 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.92 on Tuesday. First Trust Preferred Securities and Income ETF has a 1 year low of $17.54 and a 1 year high of $18.51. The business has a 50 day simple moving average of $17.98 and a two-hundred day simple moving average of $18.10.

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.