Appleton Partners Inc. MA Purchases 31,345 Shares of First Trust Preferred Securities and Income ETF $FPE

Appleton Partners Inc. MA boosted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 15.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,270 shares of the company’s stock after buying an additional 31,345 shares during the period. Appleton Partners Inc. MA’s holdings in First Trust Preferred Securities and Income ETF were worth $4,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in First Trust Preferred Securities and Income ETF in the first quarter valued at about $29,000. Brown Brothers Harriman & Co. acquired a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $39,000. Ameriflex Group Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 339.3% during the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock worth $43,000 after purchasing an additional 1,832 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $45,000. Finally, Raleigh Capital Management Inc. boosted its holdings in First Trust Preferred Securities and Income ETF by 42.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after purchasing an additional 752 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.95 on Monday. The business’s fifty day moving average price is $18.00 and its two-hundred day moving average price is $18.11. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.54 and a fifty-two week 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.