Baxter Bros Inc. Takes Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Baxter Bros Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 18,477 shares of the company’s stock, valued at approximately $327,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC increased its position in First Trust Preferred Securities and Income ETF by 31.6% during the 4th quarter. Woodmont Investment Counsel LLC now owns 32,658 shares of the company’s stock worth $578,000 after purchasing an additional 7,841 shares during the period. LPL Financial LLC grew its holdings in First Trust Preferred Securities and Income ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 13,028,056 shares of the company’s stock worth $230,597,000 after acquiring an additional 1,151,344 shares during the period. Thrivent Financial for Lutherans raised its position in First Trust Preferred Securities and Income ETF by 21.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,029 shares of the company’s stock worth $325,000 after acquiring an additional 3,191 shares in the last quarter. Aspen Wealth Strategies LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 26.2% in the fourth quarter. Aspen Wealth Strategies LLC now owns 64,312 shares of the company’s stock valued at $1,138,000 after acquiring an additional 13,353 shares during the period. Finally, Cozad Asset Management Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 14.1% in the fourth quarter. Cozad Asset Management Inc. now owns 11,755 shares of the company’s stock valued at $208,000 after acquiring an additional 1,453 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

NYSEARCA:FPE opened at $17.80 on Tuesday. The firm’s fifty day simple moving average is $17.77 and its 200-day simple moving average is $17.88. 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.

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.