First Trust Preferred Securities and Income ETF $FPE Shares Bought by Econ Financial Services Corp

Econ Financial Services Corp raised its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 54.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,142 shares of the company’s stock after purchasing an additional 63,280 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for 1.5% of Econ Financial Services Corp’s holdings, making the stock its 25th largest holding. Econ Financial Services Corp owned 0.05% of First Trust Preferred Securities and Income ETF worth $3,198,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FPE. Citigroup Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 17.2% during the third quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock worth $17,969,000 after purchasing an additional 144,720 shares in the last quarter. World Investment Advisors purchased a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth $526,000. Stratos Wealth Partners LTD. grew its stake in shares of First Trust Preferred Securities and Income ETF by 17.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 427,459 shares of the company’s stock valued at $7,788,000 after buying an additional 62,762 shares in the last quarter. Juno Financial Group LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $5,561,000. Finally, Aurora Private Wealth Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at $699,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.87 on Friday. The stock’s 50-day moving average price is $18.02 and its 200 day moving average price is $18.13. First Trust Preferred Securities and Income ETF has a 12-month low of $17.54 and a 12-month 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.