Newman Dignan & Sheerar Inc. Has $5.96 Million Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Newman Dignan & Sheerar Inc. increased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 336,698 shares of the company’s stock after buying an additional 9,600 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for approximately 1.5% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 17th largest position. Newman Dignan & Sheerar Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $5,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after acquiring an additional 559 shares during the last quarter. Independent Wealth Network Inc. boosted its holdings in First Trust Preferred Securities and Income ETF by 0.5% in the fourth quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after acquiring an additional 567 shares during the last quarter. Aspen Wealth Strategies LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 1.2% in the third quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock valued at $922,000 after acquiring an additional 593 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after acquiring an additional 826 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock worth $298,000 after buying an additional 829 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $17.85 on Friday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23. The stock’s 50 day moving average price is $17.76 and its two-hundred day moving average price is $17.87.

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.