11,450 Shares in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Bought by Spire Wealth Management

Spire Wealth Management acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,450 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FPE. Mather Group LLC. acquired a new stake in First Trust Preferred Securities and Income ETF in the third quarter worth about $191,000. Brookstone Capital Management boosted its position in First Trust Preferred Securities and Income ETF by 5.0% during the 3rd quarter. Brookstone Capital Management now owns 119,207 shares of the company’s stock worth $2,158,000 after acquiring an additional 5,685 shares during the last quarter. Daymark Wealth Partners LLC acquired a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $392,000. Private Advisory Group LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter valued at approximately $2,562,000. Finally, Hudson Capital Management LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 9.6% in the 3rd quarter. Hudson Capital Management LLC now owns 15,860 shares of the company’s stock valued at $287,000 after buying an additional 1,385 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $17.80 on Friday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 and a 1-year high of $18.23. The stock’s fifty day simple moving average is $17.78 and its 200 day simple moving average is $17.85.

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.