Elevation Capital Advisory LLC Invests $5.32 Million in First Trust Preferred Securities and Income ETF $FPE

Elevation Capital Advisory LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 298,659 shares of the company’s stock, valued at approximately $5,316,000. First Trust Preferred Securities and Income ETF accounts for about 2.1% of Elevation Capital Advisory LLC’s portfolio, making the stock its 19th largest holding. Elevation Capital Advisory LLC owned approximately 0.09% of First Trust Preferred Securities and Income ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hazlett Burt & Watson Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth about $28,000. Bessemer Group Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth about $79,000. Capital Analysts LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 13,641.0% during the 1st quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock worth $94,000 after acquiring an additional 5,320 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 12.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock worth $110,000 after acquiring an additional 695 shares during the period. Finally, Mendota Financial Group LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 20.7% during the 1st quarter. Mendota Financial Group LLC now owns 8,814 shares of the company’s stock worth $155,000 after acquiring an additional 1,513 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.2%

NYSEARCA:FPE opened at $18.44 on Monday. The company has a 50-day moving average of $18.22 and a 200-day moving average of $17.80. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.47.

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.