Falcon Wealth Planning Buys Shares of 1,082,971 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Falcon Wealth Planning purchased a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,082,971 shares of the company’s stock, valued at approximately $19,169,000. First Trust Preferred Securities and Income ETF makes up about 2.1% of Falcon Wealth Planning’s investment portfolio, making the stock its 17th largest holding. Falcon Wealth Planning owned 0.35% of First Trust Preferred Securities and Income ETF at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Ameliora Wealth Management Ltd. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 93.1% during the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after buying an additional 690 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in 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 during the period. Mattson Financial Services LLC acquired a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $46,000. ORG Partners LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE opened at $17.73 on Wednesday. The business has a fifty day simple moving average of $17.79 and a 200-day simple moving average of $17.85. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week high of $18.23.

First Trust Preferred Securities and Income ETF Company 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.