Scarborough Advisors LLC acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,942 shares of the company’s stock, valued at approximately $1,792,000.
Other hedge funds also recently modified their holdings of the company. Ascentis Independent Advisors bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth about $29,000. Brown Brothers Harriman & Co. bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $45,000. Raleigh Capital Management Inc. lifted its position in First Trust Preferred Securities and Income ETF by 42.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock worth $46,000 after acquiring an additional 752 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in First Trust Preferred Securities and Income ETF by 91.5% during the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock worth $52,000 after acquiring an additional 1,373 shares during the last quarter.
First Trust Preferred Securities and Income ETF Stock Performance
Shares of NYSEARCA:FPE opened at $17.94 on Monday. First Trust Preferred Securities and Income ETF has a 12-month low of $17.54 and a 12-month high of $18.51. The business has a 50 day moving average of $17.96 and a 200-day moving average of $18.09.
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.
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