First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Rating) by 16,638.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,503 shares of the company’s stock after acquiring an additional 193,341 shares during the period. Sound Income Strategies LLC owned 0.06% of First Trust Preferred Securities and Income ETF worth $3,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Centaurus Financial Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 5.7% during the third quarter. Centaurus Financial Inc. now owns 11,433 shares of the company’s stock valued at $191,000 after purchasing an additional 616 shares during the last quarter. Coastwise Capital Group LLC lifted its stake in First Trust Preferred Securities and Income ETF by 1.5% during the second quarter. Coastwise Capital Group LLC now owns 42,961 shares of the company’s stock valued at $740,000 after purchasing an additional 634 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 0.8% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 86,279 shares of the company’s stock valued at $1,441,000 after purchasing an additional 648 shares during the last quarter. WealthShield Partners LLC lifted its stake in First Trust Preferred Securities and Income ETF by 4.9% during the third quarter. WealthShield Partners LLC now owns 14,409 shares of the company’s stock valued at $241,000 after purchasing an additional 677 shares during the last quarter. Finally, Acorn Wealth Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 2.9% during the third quarter. Acorn Wealth Advisors LLC now owns 24,632 shares of the company’s stock valued at $411,000 after purchasing an additional 695 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 1.6 %

FPE stock traded down $0.26 on Friday, hitting $15.99. 2,212,660 shares of the company’s stock traded hands, compared to its average volume of 2,675,465. First Trust Preferred Securities and Income ETF has a 1-year low of $15.90 and a 1-year high of $19.09. The stock has a fifty day moving average of $17.62 and a 200-day moving average of $17.18.

First Trust Preferred Securities and Income ETF Company Profile

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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.