D.A. Davidson & CO. increased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 42.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 203,812 shares of the company’s stock after purchasing an additional 60,919 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust Preferred Securities and Income ETF were worth $3,713,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Rossby Financial LCC increased its stake 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 acquiring an additional 1,935 shares in the last quarter. Ameriflex Group Inc. increased its stake 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 acquiring an additional 1,832 shares in the last quarter. Raleigh Capital Management Inc. increased its stake 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 acquiring an additional 752 shares in the last quarter. Triumph Capital Management bought a new position in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter worth $61,000. Finally, Private Wealth Asset Management LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 595.9% in the 3rd quarter. Private Wealth Asset Management LLC now owns 5,233 shares of the company’s stock worth $95,000 after purchasing an additional 4,481 shares in the last quarter.
First Trust Preferred Securities and Income ETF Price Performance
NYSEARCA FPE opened at $18.11 on Friday. The company has a fifty day simple moving average of $18.05 and a 200 day simple moving average of $18.22. First Trust Preferred Securities and Income ETF has a 12-month low of $17.25 and a 12-month 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.
Further Reading
Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report).
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