HighTower Advisors LLC Has $60.14 Million Stock Position in First Trust Preferred Securities and Income ETF $FPE

HighTower Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,300,695 shares of the company’s stock after acquiring an additional 38,814 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $60,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cozad Asset Management Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 4.9% during the third quarter. Cozad Asset Management Inc. now owns 12,405 shares of the company’s stock worth $226,000 after purchasing an additional 585 shares during the period. Sequoia Financial Advisors LLC grew its holdings in First Trust Preferred Securities and Income ETF by 3.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,206 shares of the company’s stock worth $368,000 after purchasing an additional 628 shares during the period. Visionary Wealth Advisors grew its holdings in First Trust Preferred Securities and Income ETF by 0.9% during the second quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock worth $1,233,000 after purchasing an additional 634 shares during the period. Synovus Financial Corp grew its holdings in First Trust Preferred Securities and Income ETF by 0.8% during the third quarter. Synovus Financial Corp now owns 82,444 shares of the company’s stock worth $1,504,000 after purchasing an additional 648 shares during the period. Finally, Raleigh Capital Management Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 42.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock worth $46,000 after purchasing an additional 752 shares during the period.

First Trust Preferred Securities and Income ETF Trading Up 0.4%

First Trust Preferred Securities and Income ETF stock opened at $17.99 on Thursday. First Trust Preferred Securities and Income ETF has a 52 week low of $17.33 and a 52 week high of $18.51. The stock has a 50-day simple moving average of $18.00 and a 200 day simple moving average of $18.19.

First Trust Preferred Securities and Income ETF Company 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. FPE was launched on Feb 12, 2013 and is managed by First Trust.