Evolve Private Wealth LLC Takes $3.42 Million Position in First Trust Preferred Securities and Income ETF $FPE

Evolve Private Wealth LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 187,861 shares of the company’s stock, valued at approximately $3,423,000. Evolve Private Wealth LLC owned approximately 0.05% of First Trust Preferred Securities and Income ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Morgan Stanley grew its holdings in shares of First Trust Preferred Securities and Income ETF by 2.1% during the fourth quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock valued at $970,235,000 after buying an additional 1,110,239 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 18.6% during the fourth quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock valued at $306,475,000 after buying an additional 2,636,765 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of First Trust Preferred Securities and Income ETF by 4.1% during the fourth quarter. Wells Fargo & Company MN now owns 15,930,706 shares of the company’s stock valued at $290,257,000 after buying an additional 624,898 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 1.7% during the third quarter. Raymond James Financial Inc. now owns 8,885,934 shares of the company’s stock valued at $162,079,000 after buying an additional 144,985 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock valued at $138,762,000 after buying an additional 381,048 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.98 on Thursday. The business’s 50-day moving average price is $18.03 and its two-hundred day moving average price is $18.14. First Trust Preferred Securities and Income ETF has a one year low of $17.54 and a one year high of $18.51.

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.