Mesirow Financial Investment Management Inc. Makes New Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Mesirow Financial Investment Management Inc. purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,794 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $151,643,000. Falcon Wealth Planning bought a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $19,169,000. LPL Financial LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 9.5% in the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after purchasing an additional 1,035,105 shares in the last quarter. Barclays PLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at approximately $12,838,000. Finally, Advisory Alpha LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $11,641,000.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $17.75 on Monday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23. The stock’s 50 day moving average is $17.76 and its 200-day moving average is $17.89.

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.