Raymond James Financial Inc. Purchases Shares of 8,567,404 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Raymond James Financial Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, HoldingsChannel reports. The fund purchased 8,567,404 shares of the company’s stock, valued at approximately $151,643,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 9.5% during the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after purchasing an additional 1,035,105 shares in the last quarter. HighTower Advisors LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 5.0% during the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after purchasing an additional 131,536 shares in the last quarter. Stifel Financial Corp grew its position in shares of First Trust Preferred Securities and Income ETF by 19.9% during the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after purchasing an additional 341,396 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 25.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,928,594 shares of the company’s stock valued at $34,136,000 after purchasing an additional 396,606 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of First Trust Preferred Securities and Income ETF by 1.2% during the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock valued at $33,290,000 after purchasing an additional 21,624 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.75 on Friday. The business has a 50-day moving average price of $17.76 and a 200-day moving average price of $17.89. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23.

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.