Northwestern Mutual Wealth Management Co. Boosts Holdings in First Trust Preferred Securities and Income ETF $FPE

Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,194,738 shares of the company’s stock after purchasing an additional 99,273 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.34% of First Trust Preferred Securities and Income ETF worth $21,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Rossby Financial LCC raised its position in shares of First Trust Preferred Securities and Income ETF by 469.7% in the 3rd quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock worth $43,000 after purchasing an additional 1,935 shares during the last quarter. Ameriflex Group Inc. raised its position in First Trust Preferred Securities and Income ETF by 339.3% in the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock worth $43,000 after buying an additional 1,832 shares during the last quarter. Raleigh Capital Management Inc. raised its position in First Trust Preferred Securities and Income ETF by 42.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock worth $46,000 after buying an additional 752 shares during the last quarter. Larson Financial Group LLC raised its position in First Trust Preferred Securities and Income ETF by 91.5% in the 4th quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock worth $52,000 after buying an additional 1,373 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter worth about $61,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE opened at $18.02 on Monday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.50 and a fifty-two week high of $18.51. The business has a 50-day simple moving average of $17.99 and a two-hundred day simple moving average of $18.17.

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