Concurrent Investment Advisors LLC Has $15.43 Million Position in First Trust Preferred Securities and Income ETF $FPE

Concurrent Investment Advisors LLC raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 54.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 862,964 shares of the company’s stock after acquiring an additional 303,103 shares during the quarter. Concurrent Investment Advisors LLC owned approximately 0.24% of First Trust Preferred Securities and Income ETF worth $15,430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 3.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,206 shares of the company’s stock valued at $368,000 after purchasing an additional 628 shares during the last quarter. Visionary Wealth Advisors increased its position in First Trust Preferred Securities and Income ETF by 0.9% during the 2nd quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock worth $1,233,000 after purchasing an additional 634 shares in the last quarter. Centaurus Financial Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 7.3% during the third quarter. Centaurus Financial Inc. now owns 11,840 shares of the company’s stock valued at $216,000 after purchasing an additional 810 shares in the last quarter. Measured Wealth Private Client Group LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 7.2% during the third quarter. Measured Wealth Private Client Group LLC now owns 12,432 shares of the company’s stock worth $227,000 after purchasing an additional 838 shares during the last quarter. Finally, Freedom Financial Partners LLC raised its holdings in First Trust Preferred Securities and Income ETF by 2.4% in the 1st quarter. Freedom Financial Partners LLC now owns 40,165 shares of the company’s stock valued at $713,000 after buying an additional 946 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $17.64 on Friday. First Trust Preferred Securities and Income ETF has a 52-week low of $17.54 and a 52-week high of $18.51. The company has a fifty day moving average price of $17.81 and a 200-day moving average price of $17.96.

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.