Partners Wealth Management LLC Purchases Shares of 11,282 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Partners Wealth Management LLC purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,282 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors have also recently made changes to their positions in the company. Falcon Wealth Planning bought a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $19,169,000. LPL Financial LLC grew its position in First Trust Preferred Securities and Income ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after purchasing an additional 1,035,105 shares in the last quarter. Barclays PLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at approximately $12,838,000. Advisory Alpha LLC purchased a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth $11,641,000. Finally, Private Advisor Group LLC boosted its position in First Trust Preferred Securities and Income ETF by 144.8% in the fourth quarter. Private Advisor Group LLC now owns 879,316 shares of the company’s stock worth $15,564,000 after purchasing an additional 520,161 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.4 %

FPE opened at $17.77 on Monday. The company’s 50-day moving average price is $17.75 and its two-hundred day moving average price is $17.88. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month 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.