Hazlett Burt & Watson Inc. Grows Position in First Trust Preferred Securities and Income ETF $FPE

Hazlett Burt & Watson Inc. raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 78.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,725 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $50,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FPE. Farther Finance Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 34.3% during the first quarter. Farther Finance Advisors LLC now owns 11,603 shares of the company’s stock valued at $204,000 after buying an additional 2,964 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 1.2% during the first quarter. Dynamic Advisor Solutions LLC now owns 86,999 shares of the company’s stock valued at $1,530,000 after buying an additional 1,016 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the first quarter valued at about $947,000. RiverTree Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 8.2% during the first quarter. RiverTree Advisors LLC now owns 55,980 shares of the company’s stock valued at $985,000 after buying an additional 4,242 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 4.4% during the first quarter. Cornerstone Wealth Management LLC now owns 37,084 shares of the company’s stock valued at $652,000 after buying an additional 1,564 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $18.22 on Tuesday. The firm has a 50-day simple moving average of $18.18 and a two-hundred day simple moving average of $17.78. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.42.

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.