Tudor Financial Inc. Grows Position in First Trust Preferred Securities and Income ETF $FPE

Tudor Financial Inc. lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12,139.5% during the 2nd quarter, Holdings Channel reports. The firm owned 49,937 shares of the company’s stock after acquiring an additional 49,529 shares during the period. Tudor Financial Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $893,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Ascentis Independent Advisors bought a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter valued at $29,000. Allied Private Wealth LLC bought a new stake in First Trust Preferred Securities and Income ETF in the 2nd quarter worth $30,000. Brown Brothers Harriman & Co. bought a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter worth $39,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $45,000. Finally, Larson Financial Group LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 91.5% in the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after acquiring an additional 1,373 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.1%

Shares of NYSEARCA:FPE opened at $17.64 on Friday. The company has a 50-day moving average price of $17.81 and a 200-day moving average price of $17.96. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 month high of $18.51.

First Trust Preferred Securities and Income ETF 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.