World Investment Advisors Acquires New Stake in First Trust Preferred Securities and Income ETF $FPE

World Investment Advisors acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 28,890 shares of the company’s stock, valued at approximately $526,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FPE. Ameritas Investment Partners Inc. grew its stake in First Trust Preferred Securities and Income ETF by 7.5% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock worth $11,466,000 after purchasing an additional 44,103 shares in the last quarter. Citigroup Inc. grew its stake in First Trust Preferred Securities and Income ETF by 17.2% during the 3rd quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock worth $17,969,000 after purchasing an additional 144,720 shares in the last quarter. Econ Financial Services Corp acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth $2,129,000. Vestmark Advisory Solutions Inc. acquired a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter worth $3,403,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter worth $2,270,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.92 on Wednesday. First Trust Preferred Securities and Income ETF has a 12 month low of $17.33 and a 12 month high of $18.51. The business has a fifty day moving average price of $18.00 and a 200 day moving average price of $18.19.

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.