Kestra Private Wealth Services LLC Increases Stock Holdings in First Trust Preferred Securities and Income ETF $FPE

Kestra Private Wealth Services LLC boosted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 659,740 shares of the company’s stock after acquiring an additional 33,527 shares during the period. Kestra Private Wealth Services LLC owned 0.19% of First Trust Preferred Securities and Income ETF worth $11,710,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in shares of First Trust Preferred Securities and Income ETF by 2.1% during the 4th quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock valued at $970,235,000 after purchasing an additional 1,110,239 shares in the last quarter. LPL Financial LLC raised its stake in First Trust Preferred Securities and Income ETF by 18.6% in the fourth quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock worth $306,475,000 after buying an additional 2,636,765 shares in the last quarter. Wells Fargo & Company MN raised its stake in First Trust Preferred Securities and Income ETF by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 15,930,706 shares of the company’s stock worth $290,257,000 after buying an additional 624,898 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 7.2% in the fourth quarter. Raymond James Financial Inc. now owns 9,527,406 shares of the company’s stock worth $173,589,000 after buying an additional 641,472 shares during the period. Finally, Bank of America Corp DE lifted its holdings in First Trust Preferred Securities and Income ETF by 5.3% in the third quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock worth $138,762,000 after buying an additional 381,048 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.6%

First Trust Preferred Securities and Income ETF stock opened at $17.88 on Friday. The stock’s 50 day simple moving average is $18.02 and its two-hundred day simple moving average is $18.13. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.54 and a fifty-two week high of $18.51.

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.