RiverTree Advisors LLC Buys New Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

RiverTree Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 51,738 shares of the company’s stock, valued at approximately $916,000.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1,642.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock worth $279,530,000 after acquiring an additional 1,455,731 shares during the period. LPL Financial LLC lifted its stake in First Trust Preferred Securities and Income ETF by 9.5% during the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after purchasing an additional 1,035,105 shares during the period. Barclays PLC acquired a new stake in First Trust Preferred Securities and Income ETF during the third quarter valued at approximately $12,838,000. Stifel Financial Corp grew its stake in shares of First Trust Preferred Securities and Income ETF by 19.9% in the 3rd quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after purchasing an additional 341,396 shares during the period. Finally, Advisory Alpha LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 150.3% in the 2nd quarter. Advisory Alpha LLC now owns 552,002 shares of the company’s stock valued at $9,583,000 after purchasing an additional 331,469 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $17.76 on Monday. The business has a 50 day simple moving average of $17.82 and a 200 day simple moving average of $17.84. First Trust Preferred Securities and Income ETF has a one year low of $16.82 and a one year high of $18.23.

First Trust Preferred Securities and Income ETF 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.