AlphaCore Capital LLC bought a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,465 shares of the company’s stock, valued at approximately $828,000.
Several other large investors have also made changes to their positions in FPE. Ameritas Investment Partners Inc. lifted its position in First Trust Preferred Securities and Income ETF by 7.5% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock worth $11,466,000 after buying an additional 44,103 shares in the last quarter. Citigroup Inc. lifted its position in First Trust Preferred Securities and Income ETF by 17.2% during the 3rd quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock worth $17,969,000 after buying an additional 144,720 shares in the last quarter. Econ Financial Services Corp acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth about $2,129,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter worth about $2,270,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter worth about $3,403,000.
First Trust Preferred Securities and Income ETF Trading Down 0.1%
Shares of NYSEARCA FPE opened at $18.01 on Tuesday. The firm’s 50-day simple moving average is $18.01 and its 200 day simple moving average is $18.19. First Trust Preferred Securities and Income ETF has a 12-month low of $17.33 and a 12-month high of $18.51.
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.
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