Park Edge Advisors LLC Buys 2,295 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Park Edge Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,639 shares of the company’s stock after purchasing an additional 2,295 shares during the period. Park Edge Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $365,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FPE. Toth Financial Advisory Corp grew its stake in shares of First Trust Preferred Securities and Income ETF by 2.1% in the fourth quarter. Toth Financial Advisory Corp now owns 165,464 shares of the company’s stock valued at $2,929,000 after buying an additional 3,461 shares in the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $609,000. Dynamic Advisor Solutions LLC lifted its stake in First Trust Preferred Securities and Income ETF by 2.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 85,983 shares of the company’s stock valued at $1,522,000 after purchasing an additional 1,754 shares during the last quarter. PCG Wealth Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 179.9% in the 4th quarter. PCG Wealth Advisors LLC now owns 65,440 shares of the company’s stock valued at $1,158,000 after purchasing an additional 42,063 shares during the last quarter. Finally, Gradient Investments LLC grew its holdings in First Trust Preferred Securities and Income ETF by 5.0% during the fourth quarter. Gradient Investments LLC now owns 375,447 shares of the company’s stock worth $6,645,000 after purchasing an additional 17,892 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.72 on Friday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23. The stock’s 50 day moving average price is $17.80 and its two-hundred day moving average price is $17.84.

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.