Waverly Advisors LLC Boosts Holdings in First Trust Preferred Securities and Income ETF $FPE

Waverly Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 842,725 shares of the company’s stock after buying an additional 37,842 shares during the period. Waverly Advisors LLC owned approximately 0.24% of First Trust Preferred Securities and Income ETF worth $15,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FPE. World Investment Advisors acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at $526,000. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Preferred Securities and Income ETF by 9.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,194,738 shares of the company’s stock worth $21,768,000 after purchasing an additional 99,273 shares during the last quarter. Evolve Private Wealth LLC purchased a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $3,423,000. Midwest Heritage Bank FSB lifted its position in First Trust Preferred Securities and Income ETF by 20.5% in the first quarter. Midwest Heritage Bank FSB now owns 475,098 shares of the company’s stock valued at $8,433,000 after buying an additional 80,943 shares during the last quarter. Finally, Blackhawk Capital Partners LLC boosted its stake in First Trust Preferred Securities and Income ETF by 70.6% during the fourth quarter. Blackhawk Capital Partners LLC now owns 294,182 shares of the company’s stock worth $5,360,000 after buying an additional 121,736 shares during the period.

First Trust Preferred Securities and Income ETF Trading Down 0.2%

Shares of FPE opened at $17.60 on Wednesday. First Trust Preferred Securities and Income ETF has a 1-year low of $17.54 and a 1-year high of $18.51. The firm has a 50-day simple moving average of $17.79 and a two-hundred day simple moving average of $17.95.

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.