Raymond James Financial Inc. Invests $151.64 Million in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Raymond James Financial Inc. bought a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 8,567,404 shares of the company’s stock, valued at approximately $151,643,000. Raymond James Financial Inc. owned approximately 2.80% of First Trust Preferred Securities and Income ETF as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Raleigh Capital Management Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 96.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after acquiring an additional 826 shares in the last quarter. Promus Capital LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $35,000. ORG Partners LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after buying an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after buying an additional 3,130 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after buying an additional 559 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $17.75 on Friday. The stock’s 50 day moving average is $17.76 and its 200 day moving average is $17.89. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23.

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.