Ironwood Investment Counsel LLC Has $6.14 Million Holdings in First Trust Preferred Securities and Income ETF $FPE

Ironwood Investment Counsel LLC grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 40.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 346,152 shares of the company’s stock after acquiring an additional 99,359 shares during the period. Ironwood Investment Counsel LLC owned 0.10% of First Trust Preferred Securities and Income ETF worth $6,144,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 53.0% in the first quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock valued at $4,626,000 after purchasing an additional 91,118 shares in the last quarter. First Trust Advisors LP increased its stake in shares of First Trust Preferred Securities and Income ETF by 0.9% in the 2nd quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock valued at $2,911,000 after buying an additional 1,496 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $249,000. NewEdge Advisors LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 2.5% in the 2nd quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock valued at $6,619,000 after buying an additional 9,236 shares during the period. Finally, Quantinno Capital Management LP bought a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $263,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.94 on Monday. First Trust Preferred Securities and Income ETF has a 12-month low of $17.54 and a 12-month high of $18.51. The stock’s fifty day simple moving average is $17.96 and its 200-day simple moving average is $18.09.

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.