Stephens Inc. AR Acquires 47,776 Shares of First Trust Preferred Securities and Income ETF $FPE

Stephens Inc. AR boosted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391,211 shares of the company’s stock after acquiring an additional 47,776 shares during the period. Stephens Inc. AR owned 0.11% of First Trust Preferred Securities and Income ETF worth $6,944,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FPE. Morgan Stanley increased its stake in shares of First Trust Preferred Securities and Income ETF by 2.1% during the fourth quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock valued at $970,235,000 after purchasing an additional 1,110,239 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 18.6% during the fourth quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock valued at $306,475,000 after purchasing an additional 2,636,765 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of First Trust Preferred Securities and Income ETF by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 15,930,706 shares of the company’s stock worth $290,257,000 after purchasing an additional 624,898 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 7.2% in the 4th quarter. Raymond James Financial Inc. now owns 9,527,406 shares of the company’s stock worth $173,589,000 after purchasing an additional 641,472 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of First Trust Preferred Securities and Income ETF by 5.3% in the 3rd quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock worth $138,762,000 after buying an additional 381,048 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock traded down $0.06 during midday trading on Tuesday, hitting $17.92. The company had a trading volume of 264,799 shares, compared to its average volume of 1,382,574. First Trust Preferred Securities and Income ETF has a 52-week low of $17.54 and a 52-week high of $18.51. The company has a 50 day moving average of $18.00 and a 200 day moving average of $18.11.

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.