First Trust Preferred Securities and Income ETF $FPE Shares Acquired by Asset Allocation Strategies LLC

Asset Allocation Strategies LLC grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 207,571 shares of the company’s stock after acquiring an additional 30,352 shares during the quarter. Asset Allocation Strategies LLC owned about 0.06% of First Trust Preferred Securities and Income ETF worth $3,782,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Tudor Financial Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.9% in the fourth quarter. Tudor Financial Inc. now owns 25,711 shares of the company’s stock valued at $468,000 after acquiring an additional 1,431 shares during the period. Summit Financial LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 2.5% in the fourth quarter. Summit Financial LLC now owns 579,533 shares of the company’s stock valued at $10,559,000 after acquiring an additional 14,174 shares during the period. Triumph Capital Management boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 1,186.7% in the fourth quarter. Triumph Capital Management now owns 43,195 shares of the company’s stock valued at $787,000 after acquiring an additional 39,838 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,378,591 shares of the company’s stock valued at $25,118,000 after acquiring an additional 18,801 shares during the period. Finally, Wagner Wealth Management Corp acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $253,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $17.96 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $17.54 and a twelve month high of $18.51. The business has a 50 day simple moving average of $18.02 and a 200-day simple moving average of $18.15.

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