Ironwood Investment Counsel LLC Acquires 99,359 Shares of First Trust Preferred Securities and Income ETF $FPE

Ironwood Investment Counsel LLC boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 40.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 346,152 shares of the company’s stock after acquiring an additional 99,359 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $6,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FPE. IMA Advisory Services Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 3.4% during the 1st quarter. IMA Advisory Services Inc. now owns 340,868 shares of the company’s stock worth $6,050,000 after buying an additional 11,099 shares during the period. Simon Quick Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth about $544,000. Juno Financial Group LLC increased its holdings in First Trust Preferred Securities and Income ETF by 6.0% during the 1st quarter. Juno Financial Group LLC now owns 323,559 shares of the company’s stock worth $5,743,000 after purchasing an additional 18,353 shares in the last quarter. Oder Investment Management LLC increased its holdings in First Trust Preferred Securities and Income ETF by 3.5% during the 1st quarter. Oder Investment Management LLC now owns 40,658 shares of the company’s stock worth $722,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $1,292,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.94 on Monday. The stock’s 50-day moving average is $17.96 and its 200-day moving average is $18.09. First Trust Preferred Securities and Income ETF has a one year low of $17.54 and a one year high of $18.51.

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.