Ballew Advisors Inc Acquires Shares of 27,050 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Ballew Advisors Inc acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,050 shares of the company’s stock, valued at approximately $474,000.

A number of other hedge funds have also recently modified their holdings of FPE. Creative Planning boosted its stake in shares of First Trust Preferred Securities and Income ETF by 32.8% during the 3rd quarter. Creative Planning now owns 14,869 shares of the company’s stock worth $269,000 after acquiring an additional 3,669 shares in the last quarter. Farther Finance Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after purchasing an additional 559 shares in the last quarter. Acorn Wealth Advisors LLC purchased a new position in First Trust Preferred Securities and Income ETF during the third quarter worth approximately $318,000. JPMorgan Chase & Co. grew its holdings in First Trust Preferred Securities and Income ETF by 29.4% in the third quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after purchasing an additional 224,647 shares during the period. Finally, Elevation Capital Advisory LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at approximately $5,750,000.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

Shares of NYSEARCA:FPE opened at $17.76 on Friday. The business’s 50 day moving average price is $17.82 and its 200-day moving average price is $17.83. First Trust Preferred Securities and Income ETF has a 1 year low of $16.82 and a 1 year high of $18.23.

First Trust Preferred Securities and Income ETF 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.