Matrix Private Capital Group LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 34,109 shares of the company’s stock, valued at approximately $605,000.
A number of other large investors also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in First Trust Preferred Securities and Income ETF in the first quarter worth $29,000. Brown Brothers Harriman & Co. bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth about $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $45,000. Raleigh Capital Management Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 42.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after purchasing an additional 752 shares during the period. Finally, Larson Financial Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 91.5% during 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.
First Trust Preferred Securities and Income ETF Price Performance
Shares of NYSEARCA:FPE opened at $17.74 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 month high of $18.51. The stock’s 50 day moving average price is $17.94 and its 200 day moving average price is $18.08.
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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