Howard Financial Services LTD. Purchases 82,359 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Howard Financial Services LTD. boosted its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.6% during the 4th quarter, HoldingsChannel reports. The firm owned 525,576 shares of the company’s stock after buying an additional 82,359 shares during the period. First Trust Preferred Securities and Income ETF comprises about 1.3% of Howard Financial Services LTD.’s investment portfolio, making the stock its 25th largest holding. Howard Financial Services LTD.’s holdings in First Trust Preferred Securities and Income ETF were worth $9,303,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lake Street Private Wealth LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 3.3% in the 4th quarter. Lake Street Private Wealth LLC now owns 162,836 shares of the company’s stock worth $2,882,000 after purchasing an additional 5,239 shares during the period. TrueWealth Advisors LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 4.2% during the fourth quarter. TrueWealth Advisors LLC now owns 50,728 shares of the company’s stock worth $898,000 after buying an additional 2,050 shares during the period. Walker Asset Management LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 10.1% during the fourth quarter. Walker Asset Management LLC now owns 130,235 shares of the company’s stock worth $2,305,000 after buying an additional 12,000 shares during the period. Kraematon Investment Advisors Inc. boosted its position in First Trust Preferred Securities and Income ETF by 34.2% during the 4th quarter. Kraematon Investment Advisors Inc. now owns 47,833 shares of the company’s stock valued at $847,000 after acquiring an additional 12,183 shares in the last quarter. Finally, Meridian Financial Partners LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at $742,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.76 on Friday. The business has a fifty day moving average price of $17.82 and a 200 day moving average price of $17.83. First Trust Preferred Securities and Income ETF has a 1-year low of $16.82 and a 1-year high of $18.23.

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.