First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.7% during the 4th quarter, HoldingsChannel reports. The firm owned 735,195 shares of the company’s stock after buying an additional 116,000 shares during the quarter. First Trust Preferred Securities and Income ETF makes up about 1.0% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. Kingswood Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $13,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FPE. LPL Financial LLC increased its stake in shares of 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 purchasing an additional 1,035,105 shares during the period. HighTower Advisors LLC increased its position in First Trust Preferred Securities and Income ETF by 5.0% in the 3rd quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after acquiring an additional 131,536 shares during the period. Stifel Financial Corp raised its stake 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 acquiring an additional 341,396 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in First Trust Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock worth $33,290,000 after acquiring an additional 21,624 shares during the period. Finally, Prospera Financial Services Inc grew its stake in shares of First Trust Preferred Securities and Income ETF by 15.7% in the third quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock worth $29,362,000 after purchasing an additional 220,692 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.72 on Monday. The firm’s 50-day simple moving average is $17.80 and its 200 day simple moving average is $17.85. 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.