Gladstone Institutional Advisory LLC Increases Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Gladstone Institutional Advisory LLC increased its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 330,643 shares of the company’s stock after purchasing an additional 9,378 shares during the period. Gladstone Institutional Advisory LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $5,852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raleigh Capital Management Inc. increased its position in 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 during the last quarter. ORG Partners LLC boosted 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 worth $47,000 after buying an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after buying an additional 3,130 shares during the period. FSC Wealth Advisors LLC increased its holdings in First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after buying an additional 1,648 shares during the last quarter. Finally, Ehrlich Financial Group bought a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth approximately $181,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $17.82 on Wednesday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23. The firm has a fifty day moving average price of $17.77 and a 200-day moving average price of $17.86.

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.