First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 276,635 shares of the company’s stock after acquiring an additional 7,341 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $4,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cedrus LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 0.8% during the 4th quarter. Cedrus LLC now owns 101,440 shares of the company’s stock worth $1,710,000 after purchasing an additional 815 shares during the period. Wagner Wealth Management LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 4.9% during the 4th quarter. Wagner Wealth Management LLC now owns 20,866 shares of the company’s stock worth $352,000 after purchasing an additional 972 shares during the period. Private Trust Co. NA grew its holdings in shares of First Trust Preferred Securities and Income ETF by 1.0% during the 4th quarter. Private Trust Co. NA now owns 101,692 shares of the company’s stock worth $1,715,000 after purchasing an additional 1,052 shares during the period. PCG Wealth Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 5.2% during the 4th quarter. PCG Wealth Advisors LLC now owns 21,862 shares of the company’s stock worth $369,000 after purchasing an additional 1,089 shares during the period. Finally, Claraphi Advisory Network LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 4.1% during the 4th quarter. Claraphi Advisory Network LLC now owns 28,644 shares of the company’s stock worth $481,000 after purchasing an additional 1,140 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE remained flat at $17.02 during mid-day trading on Thursday. The stock had a trading volume of 1,247,236 shares, compared to its average volume of 1,450,126. First Trust Preferred Securities and Income ETF has a fifty-two week low of $15.45 and a fifty-two week high of $17.45. The stock’s 50-day moving average is $17.21 and its 200-day moving average is $16.68.

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.