Sequoia Financial Advisors LLC Acquires 2,726 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Sequoia Financial Advisors LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,999 shares of the company’s stock after acquiring an additional 2,726 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Independent Wealth Network Inc. lifted its position in First Trust Preferred Securities and Income ETF by 0.5% during the fourth quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after purchasing an additional 567 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 96.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after buying an additional 826 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 5.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after acquiring an additional 829 shares during the period. US Bancorp DE increased its holdings in First Trust Preferred Securities and Income ETF by 0.6% in the 4th quarter. US Bancorp DE now owns 153,440 shares of the company’s stock worth $2,717,000 after acquiring an additional 859 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its stake in First Trust Preferred Securities and Income ETF by 1.6% during the 4th quarter. DAVENPORT & Co LLC now owns 56,574 shares of the company’s stock worth $1,001,000 after acquiring an additional 883 shares during the period.

First Trust Preferred Securities and Income ETF Trading Up 0.2 %

FPE opened at $17.70 on Tuesday. The company has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $17.89. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 and a 1-year 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.