Sagace Wealth Management LLC Makes New Investment in First Trust Preferred Securities and Income ETF $FPE

Sagace Wealth Management LLC bought a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 234,738 shares of the company’s stock, valued at approximately $4,002,000. First Trust Preferred Securities and Income ETF makes up about 2.5% of Sagace Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position. Sagace Wealth Management LLC owned 0.07% of First Trust Preferred Securities and Income ETF at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Partners Wealth Management LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 13.1% in the 3rd quarter. Partners Wealth Management LLC now owns 12,816 shares of the company’s stock valued at $219,000 after buying an additional 1,485 shares during the period. D.A. Davidson & CO. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter worth approximately $4,046,000. Essential Investment Partners LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter worth approximately $319,000. SYM FINANCIAL Corp purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter worth approximately $170,000. Finally, Midwest Heritage Bank FSB raised its holdings in First Trust Preferred Securities and Income ETF by 0.7% in the third quarter. Midwest Heritage Bank FSB now owns 499,626 shares of the company’s stock valued at $8,519,000 after acquiring an additional 3,716 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.1%

Shares of First Trust Preferred Securities and Income ETF stock opened at $16.96 on Friday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.87 and a 52-week high of $18.48. The company has a 50 day moving average of $17.28 and a 200 day moving average of $17.85.

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.