Sigma Planning Corp Makes New $1.80 Million Investment in First Trust Preferred Securities and Income ETF $FPE

Sigma Planning Corp bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 105,804 shares of the company’s stock, valued at approximately $1,805,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake in First Trust Preferred Securities and Income ETF by 5.4% during the first quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock worth $153,578,000 after acquiring an additional 446,585 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Preferred Securities and Income ETF by 14.8% in 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 period. Kestra Advisory Services LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 4.7% in the 1st quarter. Kestra Advisory Services LLC now owns 2,425,646 shares of the company’s stock valued at $43,055,000 after purchasing an additional 108,076 shares in the last quarter. Magnus Financial Group LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 4.7% in the 3rd quarter. Magnus Financial Group LLC now owns 2,052,183 shares of the company’s stock valued at $34,990,000 after purchasing an additional 92,464 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 3.4% in the 2nd quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock valued at $36,272,000 after purchasing an additional 66,507 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.2%

Shares of NYSEARCA:FPE opened at $16.92 on Thursday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.87 and a 1 year high of $18.48. The stock has a 50-day simple moving average of $17.32 and a 200-day simple moving average of $17.86.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.