Raymond James & Associates Raises Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Raymond James & Associates boosted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,102,085 shares of the company’s stock after buying an additional 169,272 shares during the period. Raymond James & Associates owned 0.93% of First Trust Preferred Securities and Income ETF worth $52,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FPE. MJP Associates Inc. ADV lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 2.7% during the third quarter. MJP Associates Inc. ADV now owns 37,342 shares of the company’s stock valued at $596,000 after purchasing an additional 971 shares during the last quarter. Claraphi Advisory Network LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 4.1% during the fourth quarter. Claraphi Advisory Network LLC now owns 28,644 shares of the company’s stock valued at $481,000 after purchasing an additional 1,140 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 264.0% during the third quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock valued at $26,000 after purchasing an additional 1,201 shares during the last quarter. Aspen Investment Management Inc lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.7% during the first quarter. Aspen Investment Management Inc now owns 222,068 shares of the company’s stock valued at $3,544,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Frontier Wealth Management LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1.4% during the first quarter. Frontier Wealth Management LLC now owns 109,552 shares of the company’s stock valued at $2,054,000 after purchasing an additional 1,529 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.32 on Thursday. First Trust Preferred Securities and Income ETF has a twelve month low of $15.36 and a twelve month high of $17.45. The company has a 50 day moving average of $17.15 and a 200 day moving average of $16.55.

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.