Fifth Third Bancorp Takes $8.48 Million Position in First Trust Preferred Securities and Income ETF $FPE

Fifth Third Bancorp acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 477,944 shares of the company’s stock, valued at approximately $8,484,000. Fifth Third Bancorp owned 0.14% of First Trust Preferred Securities and Income ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FPE. Jane Street Group LLC raised its position in First Trust Preferred Securities and Income ETF by 53.0% in the 1st quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock valued at $4,626,000 after buying an additional 91,118 shares during the last quarter. First Trust Advisors LP boosted its position in 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 acquiring an additional 1,496 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $249,000. NewEdge Advisors LLC grew its stake 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 acquiring an additional 9,236 shares in the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $263,000.

First Trust Preferred Securities and Income ETF Trading Up 0.1%

NYSEARCA FPE opened at $17.95 on Thursday. The firm’s 50 day moving average is $17.97 and its 200-day moving average is $18.10. First Trust Preferred Securities and Income ETF has a 12-month low of $17.54 and a 12-month high of $18.51.

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.