Blackhawk Capital Partners LLC grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 70.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,182 shares of the company’s stock after purchasing an additional 121,736 shares during the quarter. First Trust Preferred Securities and Income ETF makes up 2.0% of Blackhawk Capital Partners LLC’s holdings, making the stock its 15th biggest position. Blackhawk Capital Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $5,360,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC boosted its position in First Trust Preferred Securities and Income ETF by 22.2% during the fourth quarter. International Assets Investment Management LLC now owns 189,269 shares of the company’s stock worth $3,448,000 after acquiring an additional 34,410 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 3.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,206 shares of the company’s stock worth $368,000 after acquiring an additional 628 shares during the last quarter. Indivisible Partners acquired a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $663,000. Falcon Wealth Planning boosted its position in First Trust Preferred Securities and Income ETF by 6.7% during the fourth quarter. Falcon Wealth Planning now owns 1,361,742 shares of the company’s stock worth $24,811,000 after acquiring an additional 85,805 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $344,000.
First Trust Preferred Securities and Income ETF Stock Performance
FPE opened at $18.13 on Tuesday. First Trust Preferred Securities and Income ETF has a twelve month low of $17.33 and a twelve month high of $18.51. The firm’s 50-day moving average price is $18.02 and its 200 day moving average price is $18.21.
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. FPE was launched on Feb 12, 2013 and is managed by First Trust.
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