Waverly Advisors LLC raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 4.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 842,725 shares of the company’s stock after acquiring an additional 37,842 shares during the quarter. Waverly Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $15,068,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of FPE. Morgan Stanley boosted its stake in shares of First Trust Preferred Securities and Income ETF by 2.1% in the fourth quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock valued at $970,235,000 after purchasing an additional 1,110,239 shares during the period. LPL Financial LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 18.6% during the 4th quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock worth $306,475,000 after buying an additional 2,636,765 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in First Trust Preferred Securities and Income ETF by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 15,930,706 shares of the company’s stock worth $290,257,000 after buying an additional 624,898 shares in the last quarter. Raymond James Financial Inc. boosted its position in First Trust Preferred Securities and Income ETF by 7.2% in the 4th quarter. Raymond James Financial Inc. now owns 9,527,406 shares of the company’s stock valued at $173,589,000 after buying an additional 641,472 shares during the period. Finally, Bank of America Corp DE boosted its position in First Trust Preferred Securities and Income ETF by 5.4% in the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock valued at $153,578,000 after buying an additional 446,585 shares during the period.
First Trust Preferred Securities and Income ETF Stock Performance
NYSEARCA:FPE opened at $17.60 on Wednesday. First Trust Preferred Securities and Income ETF has a 52 week low of $17.54 and a 52 week high of $18.51. The company has a fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $17.95.
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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