Private Wealth Asset Management LLC Buys 77,057 Shares of First Trust Preferred Securities and Income ETF $FPE

Private Wealth Asset Management LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1,472.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,290 shares of the company’s stock after buying an additional 77,057 shares during the period. Private Wealth Asset Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 1.7% during the third quarter. Raymond James Financial Inc. now owns 8,885,934 shares of the company’s stock valued at $162,079,000 after buying an additional 144,985 shares during the last quarter. Bank of America Corp DE increased its holdings in First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock valued at $138,762,000 after buying an additional 381,048 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 29.8% during the third quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock valued at $82,785,000 after buying an additional 1,041,910 shares during the last quarter. HighTower Advisors LLC increased its holdings in First Trust Preferred Securities and Income ETF by 1.2% during the fourth quarter. HighTower Advisors LLC now owns 3,300,695 shares of the company’s stock valued at $60,139,000 after buying an additional 38,814 shares during the last quarter. Finally, Stonebridge Advisors LLC increased its holdings in First Trust Preferred Securities and Income ETF by 1,312.3% during the fourth quarter. Stonebridge Advisors LLC now owns 2,368,824 shares of the company’s stock valued at $40,181,000 after buying an additional 2,201,095 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.1%

Shares of FPE stock opened at $17.98 on Thursday. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 month high of $18.51. The company has a 50 day simple moving average of $17.99 and a two-hundred day simple moving average of $18.16.

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.