Puff Wealth Management LLC purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 46,073 shares of the company’s stock, valued at approximately $824,000.
Other hedge funds have also recently made changes to their positions in the company. World Investment Advisors purchased a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $526,000. Juno Financial Group LLC purchased a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth $5,561,000. Evolve Private Wealth LLC bought a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at $3,423,000. Aurora Private Wealth Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth about $699,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake 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 period.
First Trust Preferred Securities and Income ETF Trading Up 0.2%
Shares of NYSEARCA:FPE opened at $17.87 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 month high of $18.51. The firm’s 50-day moving average is $17.90 and its 200 day moving average is $18.05.
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.
Further Reading
- Five stocks we like better than First Trust Preferred Securities and Income ETF
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report).
Receive News & Ratings for First Trust Preferred Securities and Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Preferred Securities and Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
