Private Advisory Group LLC Buys 33,803 Shares of First Trust Preferred Securities and Income ETF $FPE

Private Advisory Group LLC boosted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,104 shares of the company’s stock after acquiring an additional 33,803 shares during the quarter. Private Advisory Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,855,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in First Trust Preferred Securities and Income ETF by 5.4% during the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock worth $153,578,000 after purchasing an additional 446,585 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust Preferred Securities and Income ETF by 14.8% in the 1st quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock valued at $52,620,000 after purchasing an additional 383,261 shares during the period. Kestra Advisory Services LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 1.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 2,466,108 shares of the company’s stock valued at $42,047,000 after purchasing an additional 44,777 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.4% in the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock valued at $36,272,000 after purchasing an additional 66,507 shares in the last quarter. Finally, Magnus Financial Group LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 4.7% in the third quarter. Magnus Financial Group LLC now owns 2,052,183 shares of the company’s stock valued at $34,990,000 after purchasing an additional 92,464 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $16.98 on Friday. The stock’s 50-day moving average is $17.18 and its 200-day moving average is $17.79. First Trust Preferred Securities and Income ETF has a one year low of $16.87 and a one year high of $18.48.

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.