First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) is Eldridge Investment Advisors Inc.’s 7th Largest Position

Eldridge Investment Advisors Inc. decreased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 565,413 shares of the company’s stock after selling 1,975 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for approximately 2.3% of Eldridge Investment Advisors Inc.’s portfolio, making the stock its 7th largest position. Eldridge Investment Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $10,008,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Raleigh Capital Management Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after buying an additional 826 shares in the last quarter. Promus Capital LLC purchased a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth approximately $35,000. ORG Partners LLC boosted its stake in First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after buying an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 435.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after buying an additional 3,130 shares in the last quarter. Finally, Ehrlich Financial Group purchased a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth approximately $181,000.

First Trust Preferred Securities and Income ETF Stock Up 0.3 %

Shares of FPE opened at $17.66 on Friday. The stock has a 50 day simple moving average of $17.76 and a two-hundred day simple moving average of $17.89. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23.

First Trust Preferred Securities and Income ETF Company 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.