Tcfg Wealth Management LLC Takes $581,000 Position in First Trust Preferred Securities and Income ETF $FPE

Tcfg Wealth Management LLC bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,738 shares of the company’s stock, valued at approximately $581,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Institute for Advanced Investment Management LLP increased its stake in shares of First Trust Preferred Securities and Income ETF by 5.1% during the 1st quarter. American Institute for Advanced Investment Management LLP now owns 28,350 shares of the company’s stock worth $503,000 after purchasing an additional 1,375 shares during the last quarter. Realta Investment Advisors lifted its stake in First Trust Preferred Securities and Income ETF by 9.2% in the 1st quarter. Realta Investment Advisors now owns 19,593 shares of the company’s stock valued at $348,000 after purchasing an additional 1,656 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $92,000. Econ Financial Services Corp grew its holdings in First Trust Preferred Securities and Income ETF by 54.1% during the first quarter. Econ Financial Services Corp now owns 180,142 shares of the company’s stock worth $3,198,000 after purchasing an additional 63,280 shares during the period. Finally, Falcon Wealth Planning grew its holdings in First Trust Preferred Securities and Income ETF by 11.2% during the first quarter. Falcon Wealth Planning now owns 1,514,417 shares of the company’s stock worth $26,881,000 after purchasing an additional 152,675 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.88 on Wednesday. The business’s 50 day moving average price is $18.01 and its two-hundred day moving average price is $18.12. First Trust Preferred Securities and Income ETF has a twelve month low of $17.54 and a twelve month high of $18.51.

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.