Elevation Capital Advisory LLC purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 70,749 shares of the company’s stock, valued at approximately $1,206,000.
Several other institutional investors also recently added to or reduced their stakes in the stock. Timbuktu Capital Management LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the second quarter worth about $27,000. Ascentis Independent Advisors bought a new stake in First Trust Preferred Securities and Income ETF in the first quarter worth about $29,000. Allied Private Wealth LLC bought a new stake in First Trust Preferred Securities and Income ETF in the second quarter worth about $30,000. Versant Capital Management Inc purchased a new position in First Trust Preferred Securities and Income ETF in the third quarter valued at about $45,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the first quarter valued at about $61,000.
First Trust Preferred Securities and Income ETF Price Performance
First Trust Preferred Securities and Income ETF stock opened at $16.96 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.87 and a twelve month high of $18.48. The firm has a 50 day moving average price of $17.28 and a 200-day moving average price of $17.85.
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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