Apollon Wealth Management LLC Buys 3,343 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Apollon Wealth Management LLC boosted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,274 shares of the company’s stock after purchasing an additional 3,343 shares during the quarter. Apollon Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FPE. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the first quarter worth about $330,000. Osaic Holdings Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 5.7% during the 1st quarter. Osaic Holdings Inc. now owns 1,948,087 shares of the company’s stock worth $33,742,000 after acquiring an additional 105,532 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF during the 1st quarter valued at approximately $517,000. Commonwealth Financial Services LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the first quarter valued at $937,000. Finally, Quadrature Capital Ltd bought a new stake in First Trust Preferred Securities and Income ETF in the first quarter worth $286,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

FPE stock opened at $17.95 on Friday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.09 and a 52 week high of $18.23. The company has a fifty day simple moving average of $18.06 and a two-hundred day simple moving average of $17.68.

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.