First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) is SRS Capital Advisors Inc.’s 8th Largest Position

SRS Capital Advisors Inc. grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 25.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,928,594 shares of the company’s stock after purchasing an additional 396,606 shares during the quarter. First Trust Preferred Securities and Income ETF makes up 2.1% of SRS Capital Advisors Inc.’s portfolio, making the stock its 8th biggest position. SRS Capital Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $34,136,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.6% in the 4th quarter. US Bancorp DE now owns 153,440 shares of the company’s stock worth $2,717,000 after buying an additional 859 shares during the period. Bank of New York Mellon Corp bought a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $527,000. Prasad Wealth Partners LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $7,360,000. IFP Advisors Inc raised its position in shares of First Trust Preferred Securities and Income ETF by 16.0% in the 4th quarter. IFP Advisors Inc now owns 164,450 shares of the company’s stock worth $2,911,000 after acquiring an additional 22,648 shares in the last quarter. Finally, Partners Wealth Management LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $200,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.85 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23. The stock has a fifty day moving average price of $17.76 and a 200-day moving average price of $17.89.

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.