Evolve Private Wealth LLC Buys Shares of 187,861 First Trust Preferred Securities and Income ETF $FPE

Evolve Private Wealth LLC bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 187,861 shares of the company’s stock, valued at approximately $3,423,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in First Trust Preferred Securities and Income ETF by 8.3% in the fourth quarter. Cetera Investment Advisers now owns 2,581,225 shares of the company’s stock valued at $47,030,000 after purchasing an additional 197,020 shares in the last quarter. Kovack Advisors Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 17.4% during the 4th quarter. Kovack Advisors Inc. now owns 106,895 shares of the company’s stock worth $1,948,000 after acquiring an additional 15,869 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 2.6% during the 4th quarter. Osaic Holdings Inc. now owns 2,140,152 shares of the company’s stock worth $38,994,000 after acquiring an additional 55,213 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 16.5% during the 4th quarter. Advisory Services Network LLC now owns 60,470 shares of the company’s stock worth $1,102,000 after acquiring an additional 8,547 shares in the last quarter. Finally, &PARTNERS boosted its stake in shares of First Trust Preferred Securities and Income ETF by 28.8% during the 4th quarter. &PARTNERS now owns 668,735 shares of the company’s stock worth $12,211,000 after acquiring an additional 149,455 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.2%

FPE opened at $17.98 on Thursday. The stock has a 50-day moving average of $18.03 and a 200-day moving average of $18.14. First Trust Preferred Securities and Income ETF has a 52-week low of $17.54 and a 52-week 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.