Ausdal Financial Partners Inc. Has $781,000 Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Ausdal Financial Partners Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,138 shares of the company’s stock after purchasing an additional 5,133 shares during the period. Ausdal Financial Partners Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of FPE. Raleigh Capital Management Inc. lifted its holdings in 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 valued at $30,000 after buying an additional 826 shares during the period. Promus Capital LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at $35,000. ORG Partners LLC boosted its position 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 purchasing 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% 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 during the period. Finally, Ehrlich Financial Group bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $181,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.74 on Thursday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23. The stock’s 50-day moving average price is $17.77 and its two-hundred day moving average price is $17.88.

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.