First Trust Preferred Securities and Income ETF $FPE Stock Bought by MGO One Seven LLC

MGO One Seven LLC raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 137.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 146,268 shares of the company’s stock after purchasing an additional 84,596 shares during the quarter. MGO One Seven LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Baird Financial Group Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.4% during the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock worth $36,272,000 after purchasing an additional 66,507 shares during the period. Compass Financial Management LLC purchased a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $2,536,000. Kestra Advisory Services LLC increased its stake in First Trust Preferred Securities and Income ETF by 4.7% in the 1st quarter. Kestra Advisory Services LLC now owns 2,425,646 shares of the company’s stock valued at $43,055,000 after buying an additional 108,076 shares during the period. Scarborough Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF in the 1st quarter valued at $1,792,000. Finally, Concurrent Investment Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 54.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 862,964 shares of the company’s stock worth $15,430,000 after buying an additional 303,103 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $16.99 on Wednesday. First Trust Preferred Securities and Income ETF has a one year low of $16.87 and a one year high of $18.48. The firm has a fifty day moving average of $17.26 and a two-hundred day moving average of $17.83.

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.