Level Four Advisory Services LLC Acquires 799 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Level Four Advisory Services LLC raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,172 shares of the company’s stock after buying an additional 799 shares during the quarter. Level Four Advisory Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FPE. Raymond James Financial Inc. bought a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter valued at $151,643,000. LPL Financial LLC raised its holdings in First Trust Preferred Securities and Income ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 13,028,056 shares of the company’s stock worth $230,597,000 after acquiring an additional 1,151,344 shares in the last quarter. Falcon Wealth Planning bought a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $19,169,000. Independent Advisor Alliance acquired a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $14,909,000. Finally, Barclays PLC bought a new position in First Trust Preferred Securities and Income ETF in the third quarter valued at approximately $12,838,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.59 on Monday. The firm has a 50-day moving average of $17.76 and a 200-day moving average of $17.88. First Trust Preferred Securities and Income ETF has a one year low of $16.95 and a one 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.