Fifth Third Bancorp Buys New Shares in First Trust Preferred Securities and Income ETF $FPE

Fifth Third Bancorp bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the first quarter, HoldingsChannel reports. The firm bought 477,944 shares of the company’s stock, valued at approximately $8,484,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC grew its stake in First Trust Preferred Securities and Income ETF by 18.6% in the fourth quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock valued at $306,475,000 after purchasing an additional 2,636,765 shares in the last quarter. Stonebridge Advisors LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 1,312.3% during the 4th quarter. Stonebridge Advisors LLC now owns 2,368,824 shares of the company’s stock worth $40,181,000 after purchasing an additional 2,201,095 shares during the last quarter. Jane Street Group LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 433.4% during the 2nd quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock worth $24,971,000 after purchasing an additional 1,139,866 shares in the last quarter. Morgan Stanley raised its stake in shares of First Trust Preferred Securities and Income ETF by 2.1% during the 4th quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock worth $970,235,000 after purchasing an additional 1,110,239 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 29.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock valued at $82,785,000 after buying an additional 1,041,910 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $17.95 on Thursday. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 month high of $18.51. The stock has a 50 day moving average of $17.97 and a 200-day moving average of $18.10.

First Trust Preferred Securities and Income ETF Company 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.