First Trust Preferred Securities and Income ETF $FPE Stock Position Boosted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,211,426 shares of the company’s stock after buying an additional 197,896 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.63% of First Trust Preferred Securities and Income ETF worth $40,292,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FPE. World Investment Advisors acquired a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $526,000. Corient Private Wealth LLC bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $201,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $45,000. Larch Capital Partners LLC bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $5,231,000. Finally, Kinloch Capital LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 72.8% during the 4th quarter. Kinloch Capital LLC now owns 1,003,054 shares of the company’s stock valued at $18,276,000 after purchasing an additional 422,573 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.99 on Monday. First Trust Preferred Securities and Income ETF has a one year low of $17.54 and a one year high of $18.51. The stock’s fifty day moving average is $18.03 and its 200-day moving average is $18.14.

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.