Glassy Mountain Advisors Inc. Buys 28,316 Shares of First Trust Preferred Securities and Income ETF $FPE

Glassy Mountain Advisors Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 464,570 shares of the company’s stock after purchasing an additional 28,316 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 2.6% of Glassy Mountain Advisors Inc.’s investment portfolio, making the stock its 14th biggest position. Glassy Mountain Advisors Inc. owned about 0.13% of First Trust Preferred Securities and Income ETF worth $8,464,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FPE. Jane Street Group LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 53.0% during the 1st quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock worth $4,626,000 after purchasing an additional 91,118 shares during the period. First Trust Advisors LP increased its holdings in shares of First Trust Preferred Securities and Income ETF by 0.9% during the 2nd quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock worth $2,911,000 after purchasing an additional 1,496 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth about $249,000. NewEdge Advisors LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.5% during the 2nd quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock worth $6,619,000 after purchasing an additional 9,236 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth about $263,000.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.98 on Thursday. The firm’s 50-day moving average is $17.99 and its 200-day moving average is $18.16. First Trust Preferred Securities and Income ETF has a 52-week low of $17.54 and a 52-week high of $18.51.

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.