Morey & Quinn Wealth Partners LLC Invests $405,000 in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Morey & Quinn Wealth Partners LLC acquired a new position 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 SEC. The firm acquired 22,857 shares of the company’s stock, valued at approximately $405,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baxter Bros Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $327,000. Woodmont Investment Counsel LLC increased its holdings in First Trust Preferred Securities and Income ETF by 31.6% in the 4th quarter. Woodmont Investment Counsel LLC now owns 32,658 shares of the company’s stock valued at $578,000 after purchasing an additional 7,841 shares during the last quarter. LPL Financial LLC raised its position in First Trust Preferred Securities and Income ETF by 9.7% in the fourth quarter. LPL Financial LLC now owns 13,028,056 shares of the company’s stock valued at $230,597,000 after purchasing an additional 1,151,344 shares during the period. Thrivent Financial for Lutherans lifted its stake in First Trust Preferred Securities and Income ETF by 21.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 18,029 shares of the company’s stock worth $325,000 after purchasing an additional 3,191 shares in the last quarter. Finally, Aspen Wealth Strategies LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 26.2% during the fourth quarter. Aspen Wealth Strategies LLC now owns 64,312 shares of the company’s stock worth $1,138,000 after buying an additional 13,353 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $17.80 on Wednesday. The business’s fifty day moving average price is $17.77 and its 200 day moving average price is $17.88. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23.

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.