LPL Financial LLC Purchases 2,636,765 Shares of First Trust Preferred Securities and Income ETF $FPE

LPL Financial LLC increased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,820,824 shares of the company’s stock after purchasing an additional 2,636,765 shares during the quarter. LPL Financial LLC owned approximately 4.76% of First Trust Preferred Securities and Income ETF worth $306,475,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FPE. Rossby Financial LCC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 469.7% in the 3rd quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after purchasing an additional 1,935 shares during the period. Ameriflex Group Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 339.3% in the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after purchasing an additional 1,832 shares during the period. Raleigh Capital Management Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 42.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after purchasing an additional 752 shares during the period. Larson Financial Group LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 91.5% in the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at $61,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1%

NYSEARCA:FPE opened at $17.90 on Tuesday. First Trust Preferred Securities and Income ETF has a one year low of $17.54 and a one year high of $18.51. The firm’s fifty day moving average price is $18.00 and its two-hundred day moving average price is $18.15.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.