Asset Allocation Strategies LLC Grows Stock Position in First Trust Preferred Securities and Income ETF $FPE

Asset Allocation Strategies LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,571 shares of the company’s stock after purchasing an additional 30,352 shares during the quarter. Asset Allocation Strategies LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,782,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. LPL Financial LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 18.6% during the fourth quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock worth $306,475,000 after purchasing an additional 2,636,765 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 1.7% during the third quarter. Raymond James Financial Inc. now owns 8,885,934 shares of the company’s stock worth $162,079,000 after purchasing an additional 144,985 shares during the last quarter. Bank of America Corp DE raised its stake in shares of First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock worth $138,762,000 after purchasing an additional 381,048 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 29.8% during the third quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock worth $82,785,000 after purchasing an additional 1,041,910 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 1.2% during the fourth quarter. HighTower Advisors LLC now owns 3,300,695 shares of the company’s stock worth $60,139,000 after purchasing an additional 38,814 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1%

NYSEARCA:FPE opened at $17.96 on Friday. The stock has a fifty day moving average price of $18.02 and a two-hundred day moving average price of $18.15. First Trust Preferred Securities and Income ETF has a 1 year low of $17.54 and a 1 year high of $18.51.

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