First Trust Preferred Securities and Income ETF $FPE Shares Acquired by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 722,073 shares of the company’s stock after purchasing an additional 28,159 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $12,853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FPE. Oppenheimer & Co. Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 3.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 408,785 shares of the company’s stock worth $7,191,000 after purchasing an additional 11,971 shares during the period. Valmark Advisers Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 0.4% during the 1st quarter. Valmark Advisers Inc. now owns 262,329 shares of the company’s stock worth $4,614,000 after purchasing an additional 968 shares during the period. Family Legacy Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 0.6% during the 1st quarter. Family Legacy Inc. now owns 293,911 shares of the company’s stock worth $5,170,000 after purchasing an additional 1,770 shares during the period. International Assets Investment Management LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 60.6% during the 1st quarter. International Assets Investment Management LLC now owns 138,454 shares of the company’s stock worth $2,435,000 after purchasing an additional 52,221 shares during the period. Finally, Spire Wealth Management grew its stake in shares of First Trust Preferred Securities and Income ETF by 9.5% during the 1st quarter. Spire Wealth Management now owns 12,534 shares of the company’s stock worth $220,000 after purchasing an additional 1,084 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.4%

NYSEARCA:FPE opened at $18.51 on Tuesday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.51. The firm’s fifty day simple moving average is $18.23 and its 200-day simple moving average is $17.81.

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.