Cetera Investment Advisers Buys 754,718 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Cetera Investment Advisers increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 194.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,141,966 shares of the company’s stock after buying an additional 754,718 shares during the quarter. Cetera Investment Advisers’ holdings in First Trust Preferred Securities and Income ETF were worth $19,779,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. ARQ Wealth Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF during the 1st quarter valued at about $1,202,000. LRI Investments LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the first quarter worth approximately $870,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 673.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 171,273 shares of the company’s stock worth $2,735,000 after acquiring an additional 149,128 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $11,610,000. Finally, Kinloch Capital LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 33.3% during the 1st quarter. Kinloch Capital LLC now owns 345,421 shares of the company’s stock valued at $5,983,000 after acquiring an additional 86,199 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock traded down $0.06 during midday trading on Friday, reaching $17.52. The company’s stock had a trading volume of 1,034,937 shares, compared to its average volume of 1,264,417. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $17.70. The stock has a fifty day simple moving average of $17.43 and a two-hundred day simple moving average of $17.26.

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.