Sequoia Financial Advisors LLC Raises Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Sequoia Financial Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,999 shares of the company’s stock after buying an additional 2,726 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $496,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in First Trust Preferred Securities and Income ETF by 9.5% in the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after acquiring an additional 1,035,105 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $151,643,000. HighTower Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 2,905,210 shares of the company’s stock worth $51,422,000 after buying an additional 154,909 shares during the last quarter. Stifel Financial Corp increased its position in First Trust Preferred Securities and Income ETF by 19.9% during the 3rd quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after buying an additional 341,396 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in First Trust Preferred Securities and Income ETF by 25.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,928,594 shares of the company’s stock valued at $34,136,000 after buying an additional 396,606 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.70 on Tuesday. The stock’s 50-day simple moving average is $17.75 and its 200-day simple moving average is $17.89. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two week 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.