Park Avenue Securities LLC Increases Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Park Avenue Securities LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 56.5% during the 4th quarter, HoldingsChannel reports. The fund owned 252,236 shares of the company’s stock after acquiring an additional 91,107 shares during the quarter. Park Avenue Securities LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $4,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of FPE. Stonebridge Advisors LLC grew its holdings in First Trust Preferred Securities and Income ETF by 25.1% during the second quarter. Stonebridge Advisors LLC now owns 228,435 shares of the company’s stock valued at $3,966,000 after purchasing an additional 45,880 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,275.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock valued at $7,120,000 after acquiring an additional 380,318 shares during the period. Bank of Montreal Can increased its holdings in First Trust Preferred Securities and Income ETF by 11.4% in the 2nd quarter. Bank of Montreal Can now owns 245,835 shares of the company’s stock worth $4,287,000 after acquiring an additional 25,167 shares in the last quarter. Trinity Legacy Partners LLC raised its stake in First Trust Preferred Securities and Income ETF by 2.3% during the 2nd quarter. Trinity Legacy Partners LLC now owns 972,141 shares of the company’s stock worth $16,876,000 after acquiring an additional 22,076 shares during the period. Finally, Elevation Capital Advisory LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth approximately $5,750,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.74 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.82 and a 1 year high of $18.23. The firm has a fifty day moving average price of $17.83 and a 200-day moving average price of $17.83.

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.