Stephens Inc. AR Purchases 47,776 Shares of First Trust Preferred Securities and Income ETF $FPE

Stephens Inc. AR boosted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 13.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 391,211 shares of the company’s stock after purchasing an additional 47,776 shares during the period. Stephens Inc. AR’s holdings in First Trust Preferred Securities and Income ETF were worth $6,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 53.0% in the first quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock worth $4,626,000 after buying an additional 91,118 shares in the last quarter. First Trust Advisors LP raised its holdings in First Trust Preferred Securities and Income ETF by 0.9% in the 2nd quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock worth $2,911,000 after acquiring an additional 1,496 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter worth approximately $249,000. NewEdge Advisors LLC lifted its position in First Trust Preferred Securities and Income ETF by 2.5% in the 2nd quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock valued at $6,619,000 after acquiring an additional 9,236 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at approximately $263,000.

First Trust Preferred Securities and Income ETF Stock Performance

FPE traded down $0.06 during trading on Tuesday, hitting $17.92. 264,799 shares of the company’s stock traded hands, compared to its average volume of 1,382,574. The company’s 50 day simple moving average is $18.00 and its two-hundred day simple moving average is $18.11. First Trust Preferred Securities and Income ETF has a 12-month low of $17.54 and a 12-month high of $18.51.

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.