Perennial Investment Advisors LLC Buys 5,865 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Perennial Investment Advisors LLC boosted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.1% in the fourth quarter, HoldingsChannel reports. The firm owned 70,156 shares of the company’s stock after buying an additional 5,865 shares during the period. Perennial Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FPE. Independent Wealth Network Inc. increased its position in First Trust Preferred Securities and Income ETF by 0.5% in the 4th quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after buying an additional 567 shares in the last quarter. Level Four Advisory Services LLC grew its stake in First Trust Preferred Securities and Income ETF by 2.5% in the fourth quarter. Level Four Advisory Services LLC now owns 33,172 shares of the company’s stock valued at $587,000 after acquiring an additional 799 shares during the period. Raleigh Capital Management Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 96.6% during 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 in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock worth $298,000 after purchasing an additional 829 shares during the period. Finally, 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 purchasing an additional 859 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $17.22 on Friday. The company has a fifty day simple moving average of $17.74 and a 200 day simple moving average of $17.86. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month 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.