Mariner LLC Grows Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Mariner LLC grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 92.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 984,653 shares of the company’s stock after acquiring an additional 474,279 shares during the period. Mariner LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $17,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. grew its position in 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 valued at $30,000 after acquiring an additional 826 shares in the last quarter. Promus Capital LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $35,000. ORG Partners LLC grew its holdings in shares of 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 valued at $47,000 after purchasing an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in First Trust Preferred Securities and Income ETF by 435.3% during the 4th 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 during the period. Finally, National Bank of Canada FI lifted its holdings in First Trust Preferred Securities and Income ETF by 55.8% during the 4th quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock worth $74,000 after buying an additional 1,500 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.16 on Thursday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.23. The company has a fifty day simple moving average of $17.60 and a two-hundred day simple moving average of $17.79.

About First Trust Preferred Securities and Income ETF

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.