Kestra Private Wealth Services LLC Raises Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Kestra Private Wealth Services LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 611,867 shares of the company’s stock after purchasing an additional 9,555 shares during the period. Kestra Private Wealth Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $10,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FPE. Ameliora Wealth Management Ltd. boosted its holdings in First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after buying an additional 690 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after acquiring an additional 826 shares during the period. ORG Partners LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after purchasing an additional 3,130 shares in the last quarter. Finally, FSC Wealth Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 75.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after purchasing an additional 1,648 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $17.80 on Friday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 and a 1-year high of $18.23. The business has a 50 day simple moving average of $17.78 and a two-hundred day simple moving average of $17.85.

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.