Kestra Advisory Services LLC Purchases 44,777 Shares of First Trust Preferred Securities and Income ETF $FPE

Kestra Advisory Services LLC grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,466,108 shares of the company’s stock after acquiring an additional 44,777 shares during the quarter. Kestra Advisory Services LLC owned about 0.72% of First Trust Preferred Securities and Income ETF worth $42,047,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter worth $18,838,000. Fifth Third Bancorp purchased a new position in First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $8,484,000. Bank of America Corp DE lifted its stake in First Trust Preferred Securities and Income ETF by 5.4% in the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock worth $153,578,000 after purchasing an additional 446,585 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 14.8% during the 1st quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock worth $52,620,000 after purchasing an additional 383,261 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 54.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 862,964 shares of the company’s stock worth $15,430,000 after purchasing an additional 303,103 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock traded up $0.07 during trading hours on Friday, reaching $17.09. The company had a trading volume of 2,086,722 shares, compared to its average volume of 1,435,922. First Trust Preferred Securities and Income ETF has a 12-month low of $16.87 and a 12-month high of $18.48. The stock has a fifty day moving average of $17.22 and a 200-day moving average of $17.82.

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.