Empirical Financial Services LLC d.b.a. Empirical Wealth Management Boosts Stock Position in First Trust Preferred Securities and Income ETF $FPE

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,239,522 shares of the company’s stock after acquiring an additional 51,664 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned approximately 0.35% of First Trust Preferred Securities and Income ETF worth $22,002,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FPE. Sequoia Financial Advisors LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 3.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,206 shares of the company’s stock valued at $368,000 after purchasing an additional 628 shares during the period. Visionary Wealth Advisors boosted its stake in First Trust Preferred Securities and Income ETF by 0.9% in the 2nd quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock worth $1,233,000 after purchasing an additional 634 shares during the period. Raleigh Capital Management Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 42.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after buying an additional 752 shares in the last quarter. Centaurus Financial Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 7.3% during the 3rd quarter. Centaurus Financial Inc. now owns 11,840 shares of the company’s stock valued at $216,000 after buying an additional 810 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 7.2% during the third quarter. Measured Wealth Private Client Group LLC now owns 12,432 shares of the company’s stock valued at $227,000 after buying an additional 838 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.92 on Tuesday. First Trust Preferred Securities and Income ETF has a 12-month low of $17.54 and a 12-month high of $18.51. The company’s 50-day moving average price is $17.98 and its 200-day moving average price is $18.10.

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.