Sagace Wealth Management LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 234,738 shares of the company’s stock, valued at approximately $4,002,000. First Trust Preferred Securities and Income ETF makes up about 2.5% of Sagace Wealth Management LLC’s portfolio, making the stock its 15th biggest holding.
A number of other hedge funds have also made changes to their positions in FPE. Partners Wealth Management LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 13.1% in the third quarter. Partners Wealth Management LLC now owns 12,816 shares of the company’s stock valued at $219,000 after purchasing an additional 1,485 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in First Trust Preferred Securities and Income ETF during the third quarter worth approximately $4,046,000. Essential Investment Partners LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the third quarter worth approximately $319,000. SYM FINANCIAL Corp purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $170,000. Finally, Midwest Heritage Bank FSB lifted its position in shares of First Trust Preferred Securities and Income ETF by 0.7% during the 3rd quarter. Midwest Heritage Bank FSB now owns 499,626 shares of the company’s stock worth $8,519,000 after buying an additional 3,716 shares during the last quarter.
First Trust Preferred Securities and Income ETF Stock Performance
Shares of First Trust Preferred Securities and Income ETF stock opened at $16.96 on Friday. The company has a fifty day simple moving average of $17.28 and a 200-day simple moving average of $17.85. First Trust Preferred Securities and Income ETF has a 12-month low of $16.87 and a 12-month high of $18.48.
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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