LPL Financial LLC lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Rating) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,138,058 shares of the company's stock after buying an additional 171,137 shares during the quarter. LPL Financial LLC's holdings in First Trust Preferred Securities and Income ETF were worth $153,519,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of FPE. Royal Bank of Canada boosted its position in First Trust Preferred Securities and Income ETF by 18.5% during the third quarter. Royal Bank of Canada now owns 24,229,090 shares of the company's stock worth $404,626,000 after purchasing an additional 3,774,013 shares in the last quarter. Jane Street Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 191.8% during the third quarter. Jane Street Group LLC now owns 2,563,365 shares of the company's stock worth $42,808,000 after acquiring an additional 1,684,760 shares during the last quarter. Flaharty Asset Management LLC increased its stake in First Trust Preferred Securities and Income ETF by 7.2% during the third quarter. Flaharty Asset Management LLC now owns 1,921,791 shares of the company's stock worth $32,094,000 after acquiring an additional 128,709 shares during the last quarter. Baird Financial Group Inc. increased its stake in First Trust Preferred Securities and Income ETF by 9.4% during the first quarter. Baird Financial Group Inc. now owns 1,768,430 shares of the company's stock worth $33,636,000 after acquiring an additional 152,045 shares during the last quarter. Finally, Berger Financial Group Inc grew its stake in shares of First Trust Preferred Securities and Income ETF by 1.4% in the third quarter. Berger Financial Group Inc now owns 1,507,473 shares of the company's stock valued at $25,175,000 after buying an additional 20,786 shares in the last quarter.
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Shares of NYSEARCA FPE opened at $15.99 on Monday. First Trust Preferred Securities and Income ETF has a twelve month low of $15.23 and a twelve month high of $18.33. The stock has a fifty day simple moving average of $16.42 and a 200-day simple moving average of $16.90.
About First Trust Preferred Securities and Income ETF
(Get Rating)
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.
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