Magnus Financial Group LLC raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 4.7% during the third quarter, HoldingsChannel.com reports. The firm owned 2,052,183 shares of the company’s stock after buying an additional 92,464 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 2.3% of Magnus Financial Group LLC’s investment portfolio, making the stock its 8th biggest position. Magnus Financial Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $34,990,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Timbuktu Capital Management LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter valued at about $27,000. Ascentis Independent Advisors purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth about $29,000. Allied Private Wealth LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $30,000. Versant Capital Management Inc acquired a new stake in First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $45,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $61,000.
First Trust Preferred Securities and Income ETF Stock Performance
NYSEARCA FPE opened at $16.94 on Thursday. First Trust Preferred Securities and Income ETF has a one year low of $16.93 and a one year high of $18.48. The company’s 50 day moving average price is $17.40 and its 200 day moving average price is $17.76.
First Trust Preferred Securities and Income ETF Company 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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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).
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