International Assets Investment Management LLC Boosts Stake in First Trust Preferred Securities and Income ETF $FPE

International Assets Investment Management LLC raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 189,269 shares of the company’s stock after buying an additional 34,410 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cozad Asset Management Inc. boosted its position in First Trust Preferred Securities and Income ETF by 4.9% in the 3rd quarter. Cozad Asset Management Inc. now owns 12,405 shares of the company’s stock valued at $226,000 after buying an additional 585 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 3.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,206 shares of the company’s stock valued at $368,000 after buying an additional 628 shares during the last quarter. Visionary Wealth Advisors boosted its position in First Trust Preferred Securities and Income ETF by 0.9% in the 2nd quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock valued at $1,233,000 after buying an additional 634 shares during the last quarter. Synovus Financial Corp boosted its position in First Trust Preferred Securities and Income ETF by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 82,444 shares of the company’s stock valued at $1,504,000 after buying an additional 648 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its position in 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 buying an additional 752 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $18.10 on Friday. The firm has a 50-day moving average of $18.03 and a two-hundred day moving average of $18.21. First Trust Preferred Securities and Income ETF has a 1-year low of $17.33 and a 1-year 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.