First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stock Position Increased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 688,283 shares of the company’s stock after acquiring an additional 7,628 shares during the period. Avidian Wealth Enterprises LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $12,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FPE. Raleigh Capital Management Inc. lifted its holdings 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 during the last quarter. ORG Partners LLC grew its position in First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares in the last quarter. FSC Wealth Advisors LLC raised its position 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 period. Thurston Springer Miller Herd & Titak Inc. lifted its position in First Trust Preferred Securities and Income ETF by 435.3% in 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 in the last quarter. Finally, Venture Visionary Partners LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter worth $183,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.82 on Wednesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23. The stock has a 50-day simple moving average of $17.77 and a 200-day simple moving average 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.