Ethos Financial Group LLC bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor bought 151,554 shares of the company’s stock, valued at approximately $2,690,000.
Several other institutional investors have also recently added to or reduced their stakes in FPE. Ascentis Independent Advisors acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth about $29,000. Brown Brothers Harriman & Co. acquired a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $45,000. Raleigh Capital Management Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 42.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after buying an additional 752 shares during the period. Finally, Larson Financial Group LLC boosted its position in First Trust Preferred Securities and Income ETF by 91.5% during the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock worth $52,000 after acquiring an additional 1,373 shares during the last quarter.
First Trust Preferred Securities and Income ETF Stock Up 0.1%
FPE stock opened at $17.93 on Wednesday. First Trust Preferred Securities and Income ETF has a one year low of $17.54 and a one year high of $18.51. The company has a 50 day moving average price of $17.98 and a two-hundred day moving average price of $18.10.
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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