International Assets Investment Management LLC Purchases 1,685,412 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

International Assets Investment Management LLC increased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1,480.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,799,288 shares of the company’s stock after buying an additional 1,685,412 shares during the quarter. International Assets Investment Management LLC owned 0.54% of First Trust Preferred Securities and Income ETF worth $30,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of FPE. Kingsview Wealth Management LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 1.5% during the third quarter. Kingsview Wealth Management LLC now owns 263,015 shares of the company’s stock valued at $4,200,000 after buying an additional 4,006 shares during the last quarter. Brookstone Capital Management increased its stake in First Trust Preferred Securities and Income ETF by 172.9% in the 4th quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock worth $1,468,000 after purchasing an additional 55,171 shares during the period. Summit Financial Wealth Advisors LLC lifted its position in First Trust Preferred Securities and Income ETF by 42.3% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock valued at $468,000 after purchasing an additional 8,259 shares during the last quarter. Wagner Wealth Management LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 4.9% during the fourth quarter. Wagner Wealth Management LLC now owns 20,866 shares of the company’s stock valued at $352,000 after purchasing an additional 972 shares during the period. Finally, Marion Wealth Management purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $4,705,000.

First Trust Preferred Securities and Income ETF Stock Up 0.6 %

Shares of NYSEARCA:FPE opened at $17.26 on Friday. The company has a 50-day moving average price of $17.21 and a 200-day moving average price of $16.78. First Trust Preferred Securities and Income ETF has a 12 month low of $15.45 and a 12 month high of $17.45.

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.