Meridian Financial Partners LLC increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 134.1% during the 3rd quarter, Holdings Channel reports. The fund owned 118,512 shares of the company’s stock after purchasing an additional 67,890 shares during the quarter. Meridian Financial Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,027,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FPE. Timbuktu Capital Management LLC acquired a new position in First Trust Preferred Securities and Income ETF during the 2nd quarter worth $27,000. Ascentis Independent Advisors purchased a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter worth about $29,000. Allied Private Wealth LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter worth about $30,000. Versant Capital Management Inc acquired a new stake in First Trust Preferred Securities and Income ETF in the 3rd quarter valued at about $45,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $61,000.
First Trust Preferred Securities and Income ETF Stock Down 0.2%
FPE stock opened at $16.89 on Friday. The business’s 50-day moving average is $17.36 and its two-hundred day moving average is $17.75. First Trust Preferred Securities and Income ETF has a 1 year low of $16.87 and a 1 year high of $18.48.
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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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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