First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 42.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,465 shares of the company’s stock after buying an additional 1,616 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $96,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Royal Bank of Canada lifted its stake in First Trust Preferred Securities and Income ETF by 1.7% in the fourth quarter. Royal Bank of Canada now owns 16,800,881 shares of the company’s stock valued at $297,378,000 after buying an additional 286,168 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Trust Preferred Securities and Income ETF by 7.9% during the fourth quarter. Wells Fargo & Company MN now owns 13,744,821 shares of the company’s stock valued at $243,283,000 after purchasing an additional 1,005,457 shares during the period. LPL Financial LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 13,028,056 shares of the company’s stock valued at $230,597,000 after purchasing an additional 1,151,344 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth about $151,643,000. Finally, Bank of America Corp DE lifted its stake in shares of First Trust Preferred Securities and Income ETF by 104.3% in the 4th quarter. Bank of America Corp DE now owns 7,093,224 shares of the company’s stock worth $125,550,000 after acquiring an additional 3,621,383 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.1%

Shares of NYSEARCA FPE opened at $17.61 on Friday. The stock has a fifty day moving average price of $17.35 and a two-hundred day moving average price of $17.63. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year high of $18.23.

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.