First Trust Preferred Securities and Income ETF $FPE Stock: Parkside Investments LLC Raises Holdings

Parkside Investments LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,091,994 shares of the company’s stock after purchasing an additional 70,863 shares during the quarter. First Trust Preferred Securities and Income ETF makes up about 2.1% of Parkside Investments LLC’s investment portfolio, making the stock its 9th biggest position. Parkside Investments LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $18,618,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Milestones Private Investment Advisors LLC grew its holdings in First Trust Preferred Securities and Income ETF by 0.4% in the 3rd quarter. Milestones Private Investment Advisors LLC now owns 147,334 shares of the company’s stock valued at $2,512,000 after buying an additional 650 shares during the period. Blue Zone Wealth Advisors LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 5.7% in the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 12,323 shares of the company’s stock valued at $210,000 after acquiring an additional 661 shares during the period. SteelPeak Wealth LLC raised its position in First Trust Preferred Securities and Income ETF by 15.0% in the third quarter. SteelPeak Wealth LLC now owns 22,375 shares of the company’s stock valued at $381,000 after purchasing an additional 2,921 shares during the period. IFP Advisors Inc raised its holdings in shares of First Trust Preferred Securities and Income ETF by 9.1% during the 3rd quarter. IFP Advisors Inc now owns 148,008 shares of the company’s stock valued at $2,524,000 after buying an additional 12,338 shares during the period. Finally, WealthBridge Capital Management LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 5.7% during the third quarter. WealthBridge Capital Management LLC now owns 112,480 shares of the company’s stock worth $1,918,000 after purchasing an additional 6,064 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.1%

Shares of FPE stock opened at $17.05 on Wednesday. The company’s fifty day moving average price is $17.42 and its two-hundred day moving average price is $17.77. First Trust Preferred Securities and Income ETF has a 12 month low of $16.94 and a 12 month high of $18.48.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.