First Trust Preferred Securities and Income ETF $FPE Shares Acquired by Prostatis Group LLC

Prostatis Group LLC lifted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 167,611 shares of the company’s stock after acquiring an additional 18,984 shares during the quarter. Prostatis Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,983,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the first quarter worth $28,000. Bessemer Group Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the first quarter worth $79,000. Capital Analysts LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 13,641.0% in the first quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock worth $94,000 after buying an additional 5,320 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 12.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock worth $110,000 after buying an additional 695 shares during the period. Finally, Mendota Financial Group LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 20.7% in the first quarter. Mendota Financial Group LLC now owns 8,814 shares of the company’s stock worth $155,000 after buying an additional 1,513 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.7%

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.14 on Friday. The business has a fifty day simple moving average of $18.18 and a 200-day simple moving average of $17.77. First Trust Preferred Securities and Income ETF has a 12 month low of $16.77 and a 12 month high of $18.42.

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.