Truist Financial Corp Buys 121,504 Shares of First Trust Preferred Securities and Income ETF $FPE

Truist Financial Corp grew its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,176,309 shares of the company’s stock after acquiring an additional 121,504 shares during the quarter. Truist Financial Corp owned 0.33% of First Trust Preferred Securities and Income ETF worth $21,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $18.15 on Thursday. The stock’s 50 day moving average price is $18.04 and its 200-day moving average price is $18.21. First Trust Preferred Securities and Income ETF has a twelve month low of $17.32 and a twelve 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.