Sigma Planning Corp Buys 105,804 Shares of First Trust Preferred Securities and Income ETF $FPE

Sigma Planning Corp purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the third quarter, HoldingsChannel reports. The institutional investor purchased 105,804 shares of the company’s stock, valued at approximately $1,805,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in First Trust Preferred Securities and Income ETF by 5.4% in the first quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock valued at $153,578,000 after purchasing an additional 446,585 shares during the period. Cetera Investment Advisers lifted its stake in shares of First Trust Preferred Securities and Income ETF by 14.8% during the first quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock worth $52,620,000 after purchasing an additional 383,261 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 4.7% during the first quarter. Kestra Advisory Services LLC now owns 2,425,646 shares of the company’s stock worth $43,055,000 after purchasing an additional 108,076 shares in the last quarter. Magnus Financial Group LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 4.7% in the third quarter. Magnus Financial Group LLC now owns 2,052,183 shares of the company’s stock worth $34,990,000 after buying an additional 92,464 shares during the period. Finally, Baird Financial Group Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 3.4% in the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock worth $36,272,000 after buying an additional 66,507 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.2%

Shares of NYSEARCA FPE opened at $16.92 on Thursday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.87 and a 1-year high of $18.48. The business has a 50-day moving average of $17.32 and a 200-day moving average of $17.86.

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.