First Trust Preferred Securities and Income ETF $FPE is Seros Financial LLC’s 7th Largest Position

Seros Financial LLC boosted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.9% in the fourth quarter, Holdings Channel reports. The fund owned 508,703 shares of the company’s stock after purchasing an additional 45,730 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 5.4% of Seros Financial LLC’s investment portfolio, making the stock its 7th biggest holding. Seros Financial LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $9,269,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. increased its position in First Trust Preferred Securities and Income ETF by 1.7% during the third quarter. Raymond James Financial Inc. now owns 8,885,934 shares of the company’s stock valued at $162,079,000 after acquiring an additional 144,985 shares during the last quarter. Bank of America Corp DE increased its position in First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock valued at $138,762,000 after acquiring an additional 381,048 shares during the last quarter. Ameriprise Financial Inc. increased its position in First Trust Preferred Securities and Income ETF by 29.8% during the third quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock valued at $82,785,000 after acquiring an additional 1,041,910 shares during the last quarter. HighTower Advisors LLC increased its position in First Trust Preferred Securities and Income ETF by 1.2% during the fourth quarter. HighTower Advisors LLC now owns 3,300,695 shares of the company’s stock valued at $60,139,000 after acquiring an additional 38,814 shares during the last quarter. Finally, Stonebridge Advisors LLC grew its holdings in First Trust Preferred Securities and Income ETF by 1,312.3% during the fourth quarter. Stonebridge Advisors LLC now owns 2,368,824 shares of the company’s stock valued at $40,181,000 after purchasing an additional 2,201,095 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $17.92 on Wednesday. The stock has a 50-day simple moving average of $18.00 and a two-hundred day simple moving average of $18.19. First Trust Preferred Securities and Income ETF has a 52-week low of $17.33 and a 52-week 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.