Diversified LLC Acquires New Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Diversified LLC acquired a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,728 shares of the company’s stock, valued at approximately $198,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in First Trust Preferred Securities and Income ETF by 264.0% during the third quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $26,000 after acquiring an additional 1,201 shares during the last quarter. Cozad Asset Management Inc. acquired a new position in First Trust Preferred Securities and Income ETF during the third quarter worth about $160,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in First Trust Preferred Securities and Income ETF during the third quarter worth about $190,000. Carmichael Hill & Associates Inc. raised its position in First Trust Preferred Securities and Income ETF by 10.9% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 12,388 shares of the company’s stock worth $209,000 after acquiring an additional 1,218 shares during the last quarter. Finally, Hibernia Wealth Partners LLC raised its position in First Trust Preferred Securities and Income ETF by 5,506.0% during the fourth quarter. Hibernia Wealth Partners LLC now owns 13,118 shares of the company’s stock worth $221,000 after acquiring an additional 12,884 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.06 on Tuesday. The company has a 50-day moving average of $17.21 and a two-hundred day moving average of $16.71. First Trust Preferred Securities and Income ETF has a 12-month low of $15.45 and a 12-month high of $17.45.

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.