Northbridge Financial Group LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 90,554 shares of the company’s stock, valued at approximately $1,650,000.
Several other large investors also recently bought and sold shares of FPE. Rossby Financial LCC grew its stake in shares of First Trust Preferred Securities and Income ETF by 469.7% in 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 shares of 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 period. Raleigh Capital Management Inc. grew its stake in shares of 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 buying an additional 752 shares during the period. Larson Financial Group LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 91.5% in the 4th quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after buying an additional 1,373 shares during the period. Finally, Triumph Capital Management purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter valued at approximately $61,000.
First Trust Preferred Securities and Income ETF Price Performance
First Trust Preferred Securities and Income ETF stock opened at $17.92 on Wednesday. The firm has a 50 day simple moving average of $18.00 and a 200-day simple moving average of $18.19. First Trust Preferred Securities and Income ETF has a 1-year low of $17.33 and a 1-year 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.
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