First Trust Preferred Securities and Income ETF $FPE Shares Bought by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 570,695 shares of the company’s stock after acquiring an additional 50,111 shares during the quarter. First Trust Preferred Securities and Income ETF makes up 2.4% of Twelve Points Wealth Management LLC’s holdings, making the stock its 9th largest holding. Twelve Points Wealth Management LLC owned about 0.16% of First Trust Preferred Securities and Income ETF worth $10,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of FPE. Trust Co. of Vermont lifted its position in shares of First Trust Preferred Securities and Income ETF by 85.1% in the 3rd quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock valued at $35,000 after acquiring an additional 893 shares in the last quarter. Rossby Financial LCC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 469.7% during the 3rd quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after buying an additional 1,935 shares during the period. Ameriflex Group Inc. grew its stake in First Trust Preferred Securities and Income ETF by 339.3% in the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after buying an additional 1,832 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 42.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after acquiring an additional 752 shares in the last quarter. Finally, Triumph Capital Management bought a new position in shares of First Trust Preferred Securities and Income ETF during the third quarter valued at $61,000.

First Trust Preferred Securities and Income ETF Stock Down 0.1%

FPE opened at $18.03 on Friday. The firm’s 50-day simple moving average is $18.12 and its 200-day simple moving average is $18.23. First Trust Preferred Securities and Income ETF has a twelve month low of $16.91 and a twelve month high of $18.51.

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.