1,104,884 Shares in First Trust Preferred Securities and Income ETF $FPE Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,104,884 shares of the company’s stock, valued at approximately $18,838,000.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in First Trust Preferred Securities and Income ETF by 5.4% in the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock valued at $153,578,000 after buying an additional 446,585 shares in the last quarter. Cetera Investment Advisers increased its position in First Trust Preferred Securities and Income ETF by 14.8% during the 1st quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock worth $52,620,000 after buying an additional 383,261 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.4% during the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock worth $36,272,000 after buying an additional 66,507 shares in the last quarter. Magnus Financial Group LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 4.7% during the third quarter. Magnus Financial Group LLC now owns 2,052,183 shares of the company’s stock worth $34,990,000 after buying an additional 92,464 shares in the last quarter. Finally, Park National Corp OH lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 2.3% during the third quarter. Park National Corp OH now owns 1,947,034 shares of the company’s stock worth $33,197,000 after buying an additional 43,467 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.12 on Wednesday. The firm has a 50-day moving average of $17.20 and a 200-day moving average of $17.81. First Trust Preferred Securities and Income ETF has a 52-week low of $16.87 and a 52-week high of $18.48.

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.