World Investment Advisors Invests $526,000 in First Trust Preferred Securities and Income ETF $FPE

World Investment Advisors acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 28,890 shares of the company’s stock, valued at approximately $526,000.

Several other institutional investors and hedge funds have also made changes to their positions in FPE. Win Advisors Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $9,207,000. Blackhawk Capital Partners LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 70.6% in the 4th quarter. Blackhawk Capital Partners LLC now owns 294,182 shares of the company’s stock valued at $5,360,000 after purchasing an additional 121,736 shares during the period. International Assets Investment Management LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 22.2% in the 4th quarter. International Assets Investment Management LLC now owns 189,269 shares of the company’s stock valued at $3,448,000 after purchasing an additional 34,410 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 3.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,206 shares of the company’s stock valued at $368,000 after purchasing an additional 628 shares during the period. Finally, Indivisible Partners acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $663,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.92 on Wednesday. First Trust Preferred Securities and Income ETF has a 52-week low of $17.33 and a 52-week high of $18.51. The business has a 50-day moving average price of $18.00 and a 200 day moving average price of $18.19.

About First Trust Preferred Securities and Income ETF

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.