Avantax Planning Partners Inc. Acquires 29,873 Shares of First Trust Preferred Securities and Income ETF $FPE

Avantax Planning Partners Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 31.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 125,137 shares of the company’s stock after buying an additional 29,873 shares during the period. Avantax Planning Partners Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Milestones Private Investment Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 3.0% in the first quarter. Milestones Private Investment Advisors LLC now owns 145,866 shares of the company’s stock worth $2,589,000 after buying an additional 4,187 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of First Trust Preferred Securities and Income ETF by 4.3% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,239,522 shares of the company’s stock valued at $22,002,000 after acquiring an additional 51,664 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 1.6% in the 1st quarter. Chicago Partners Investment Group LLC now owns 472,233 shares of the company’s stock worth $8,557,000 after purchasing an additional 7,349 shares during the last quarter. Valmark Advisers Inc. boosted its position in First Trust Preferred Securities and Income ETF by 3.8% during the first quarter. Valmark Advisers Inc. now owns 285,818 shares of the company’s stock worth $5,073,000 after purchasing an additional 10,581 shares during the period. Finally, Fifth Third Bancorp acquired a new position in First Trust Preferred Securities and Income ETF during the first quarter valued at approximately $8,484,000.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $17.93 on Wednesday. The company’s 50 day moving average is $17.98 and its 200-day moving average is $18.10. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 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.