Avantax Planning Partners Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 31.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,137 shares of the company’s stock after purchasing an additional 29,873 shares during the period. Avantax Planning Partners Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,221,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. World Investment Advisors acquired a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at $526,000. Econ Financial Services Corp acquired a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter worth about $2,129,000. Juno Financial Group LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter worth about $5,561,000. Appleton Partners Inc. MA boosted its position in First Trust Preferred Securities and Income ETF by 26.5% during the 4th quarter. Appleton Partners Inc. MA now owns 203,925 shares of the company’s stock worth $3,716,000 after acquiring an additional 42,681 shares during the period. Finally, Stratos Wealth Partners LTD. grew its stake in First Trust Preferred Securities and Income ETF by 17.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 427,459 shares of the company’s stock valued at $7,788,000 after acquiring an additional 62,762 shares in the last quarter.
First Trust Preferred Securities and Income ETF Trading Up 0.1%
Shares of FPE opened at $17.93 on Wednesday. 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. The business’s 50-day moving average is $17.98 and its 200-day moving average is $18.10.
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.
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