Envestnet Asset Management Inc. Has $38.10 Million Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Envestnet Asset Management Inc. raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,152,252 shares of the company’s stock after buying an additional 358,369 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $38,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Portfolio Solutions LLC grew its holdings 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 valued at $298,000 after buying an additional 829 shares in the last quarter. Barclays PLC purchased a new position in First Trust Preferred Securities and Income ETF in the third quarter valued at about $12,838,000. Tudor Financial Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the third quarter valued at about $407,000. Pine Valley Investments Ltd Liability Co acquired a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter worth about $1,261,000. Finally, Synovus Financial Corp raised its stake in shares of First Trust Preferred Securities and Income ETF by 9.1% during the 3rd quarter. Synovus Financial Corp now owns 86,405 shares of the company’s stock worth $1,564,000 after purchasing an additional 7,218 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.5 %

Shares of First Trust Preferred Securities and Income ETF stock opened at $16.99 on Friday. The stock has a 50-day simple moving average of $17.64 and a 200-day simple moving average of $17.81. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.23.

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.