Curran Financial Partners LLC Invests $5.72 Million in First Trust Preferred Securities and Income ETF $FPE

Curran Financial Partners LLC bought a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 321,142 shares of the company’s stock, valued at approximately $5,716,000. First Trust Preferred Securities and Income ETF accounts for 1.3% of Curran Financial Partners LLC’s investment portfolio, making the stock its 24th largest position. Curran Financial Partners LLC owned 0.10% of First Trust Preferred Securities and Income ETF as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 42.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,465 shares of the company’s stock worth $96,000 after buying an additional 1,616 shares during the period. Hudson Capital Management LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 11.2% in the first quarter. Hudson Capital Management LLC now owns 15,676 shares of the company’s stock worth $276,000 after buying an additional 1,579 shares during the period. Affinity Wealth Management LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 2.9% in the first quarter. Affinity Wealth Management LLC now owns 1,414,853 shares of the company’s stock worth $24,887,000 after buying an additional 39,647 shares during the period. Magnus Financial Group LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 2.9% in the first quarter. Magnus Financial Group LLC now owns 1,525,910 shares of the company’s stock worth $26,841,000 after buying an additional 43,656 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 3.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 63,711 shares of the company’s stock worth $1,121,000 after buying an additional 1,851 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $18.27 on Friday. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.42. The company has a 50-day simple moving average of $18.14 and a two-hundred day simple moving average of $17.76.

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.