LPL Financial LLC Raises Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

LPL Financial LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,028,056 shares of the company’s stock after purchasing an additional 1,151,344 shares during the period. LPL Financial LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $230,597,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raleigh Capital Management Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 96.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after purchasing an additional 826 shares during the last quarter. Promus Capital LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $35,000. ORG Partners LLC raised its holdings in First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after buying an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after buying an additional 3,130 shares in the last quarter. Finally, Ehrlich Financial Group purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $181,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.77 on Monday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23. The firm has a 50 day moving average of $17.76 and a 200 day moving average of $17.88.

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.