First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 174,998 shares of the company’s stock after purchasing an additional 1,428 shares during the period. Kovack Advisors Inc. owned approximately 0.05% of First Trust Preferred Securities and Income ETF worth $2,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FPE. Capital Investment Advisors LLC grew its holdings in First Trust Preferred Securities and Income ETF by 28.8% during the third quarter. Capital Investment Advisors LLC now owns 17,008 shares of the company’s stock worth $272,000 after acquiring an additional 3,799 shares during the period. Strategic Blueprint LLC boosted its position in First Trust Preferred Securities and Income ETF by 9.4% during the third quarter. Strategic Blueprint LLC now owns 41,888 shares of the company’s stock worth $669,000 after purchasing an additional 3,604 shares in the last quarter. Etesian Wealth Advisors Inc. boosted its position in First Trust Preferred Securities and Income ETF by 2.4% during the third quarter. Etesian Wealth Advisors Inc. now owns 199,383 shares of the company’s stock worth $3,184,000 after purchasing an additional 4,763 shares in the last quarter. Meridian Financial Partners LLC purchased a new position in First Trust Preferred Securities and Income ETF during the third quarter worth approximately $693,000. Finally, FAS Wealth Partners Inc. purchased a new position in First Trust Preferred Securities and Income ETF during the third quarter worth approximately $843,000.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock traded down $0.01 during mid-day trading on Friday, reaching $17.03. 679,938 shares of the company’s stock were exchanged, compared to its average volume of 1,415,655. The stock’s 50 day moving average is $17.21 and its 200 day moving average is $16.73. First Trust Preferred Securities and Income ETF has a 12-month low of $15.45 and a 12-month high of $17.45.

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.