34,109 Shares in First Trust Preferred Securities and Income ETF $FPE Acquired by Matrix Private Capital Group LLC

Matrix Private Capital Group LLC bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,109 shares of the company’s stock, valued at approximately $605,000.

A number of other hedge funds have also modified their holdings of FPE. Morgan Stanley increased its position in First Trust Preferred Securities and Income ETF by 2.1% during the fourth quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock worth $970,235,000 after buying an additional 1,110,239 shares in the last quarter. LPL Financial LLC increased its position in First Trust Preferred Securities and Income ETF by 18.6% during the fourth quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock worth $306,475,000 after purchasing an additional 2,636,765 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Trust Preferred Securities and Income ETF by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 15,930,706 shares of the company’s stock worth $290,257,000 after buying an additional 624,898 shares during the last quarter. Raymond James Financial Inc. increased its stake in First Trust Preferred Securities and Income ETF by 7.2% during the fourth quarter. Raymond James Financial Inc. now owns 9,527,406 shares of the company’s stock worth $173,589,000 after acquiring an additional 641,472 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in First Trust Preferred Securities and Income ETF by 5.3% in the third quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock valued at $138,762,000 after buying an additional 381,048 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.74 on Friday. The firm’s fifty day simple moving average is $17.94 and its 200 day simple moving average is $18.08. First Trust Preferred Securities and Income ETF has a twelve month low of $17.54 and a twelve month high of $18.51.

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