Indiana Trust & Investment Management CO Makes New Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Indiana Trust & Investment Management CO purchased a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 1st quarter, Holdings Channel.com reports. The fund purchased 2,546 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds have also recently made changes to their positions in the company. Howard Financial Services LTD. raised its position in First Trust Preferred Securities and Income ETF by 26.0% in the 1st quarter. Howard Financial Services LTD. now owns 247,965 shares of the company’s stock worth $4,295,000 after purchasing an additional 51,091 shares during the period. Transform Wealth LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 9.4% during the first quarter. Transform Wealth LLC now owns 665,132 shares of the company’s stock valued at $11,520,000 after buying an additional 57,131 shares during the last quarter. PFS Partners LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.6% in the first quarter. PFS Partners LLC now owns 340,188 shares of the company’s stock worth $5,892,000 after buying an additional 8,584 shares during the period. Brookstone Capital Management lifted its stake in shares of First Trust Preferred Securities and Income ETF by 19.4% in the 1st quarter. Brookstone Capital Management now owns 103,999 shares of the company’s stock valued at $1,801,000 after acquiring an additional 16,911 shares during the last quarter. Finally, Financial Enhancement Group LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 0.6% during the 1st quarter. Financial Enhancement Group LLC now owns 371,177 shares of the company’s stock valued at $6,358,000 after acquiring an additional 2,230 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.36 on Friday. First Trust Preferred Securities and Income ETF has a one year low of $15.46 and a one year high of $17.45. The business’s 50 day simple moving average is $17.27 and its two-hundred day simple moving average is $17.14.

First Trust Preferred Securities and Income ETF Profile

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.