Cullen Frost Bankers Inc. Purchases 34,389 Shares of First Trust Preferred Securities and Income ETF $FPE

Cullen Frost Bankers Inc. grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 108.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 65,971 shares of the company’s stock after acquiring an additional 34,389 shares during the period. Cullen Frost Bankers Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,202,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 7.5% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock valued at $11,466,000 after buying an additional 44,103 shares during the period. Citigroup Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 17.2% in the 3rd quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock valued at $17,969,000 after buying an additional 144,720 shares during the period. Econ Financial Services Corp bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $2,129,000. Ritter Daniher Financial Advisory LLC DE bought a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter valued at about $2,270,000. Finally, Vestmark Advisory Solutions Inc. bought a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter valued at about $3,403,000.

First Trust Preferred Securities and Income ETF Stock Down 0.6%

Shares of NYSEARCA FPE opened at $17.89 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.33 and a fifty-two week high of $18.51. The firm’s 50-day simple moving average is $17.99 and its 200 day simple moving average is $18.18.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.