Traction Financial Partners LLC Has $4.93 Million Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Traction Financial Partners LLC increased its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.0% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 278,441 shares of the company’s stock after buying an additional 25,333 shares during the quarter. First Trust Preferred Securities and Income ETF comprises approximately 3.6% of Traction Financial Partners LLC’s portfolio, making the stock its 9th biggest position. Traction Financial Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $4,928,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Etesian Wealth Advisors Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 0.3% in the 1st quarter. Etesian Wealth Advisors Inc. now owns 187,309 shares of the company’s stock worth $3,244,000 after buying an additional 595 shares in the last quarter. Cornerstone Advisory LLC boosted its position in First Trust Preferred Securities and Income ETF by 2.2% in the fourth quarter. Cornerstone Advisory LLC now owns 31,729 shares of the company’s stock worth $535,000 after purchasing an additional 672 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 0.6% in the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 149,957 shares of the company’s stock worth $2,597,000 after purchasing an additional 825 shares during the last quarter. Centaurus Financial Inc. boosted its position in First Trust Preferred Securities and Income ETF by 8.4% in the fourth quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock worth $184,000 after purchasing an additional 848 shares during the last quarter. Finally, Patten Group Inc. boosted its position in First Trust Preferred Securities and Income ETF by 1.2% in the second quarter. Patten Group Inc. now owns 78,132 shares of the company’s stock worth $1,356,000 after purchasing an additional 961 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE opened at $18.14 on Monday. The stock’s 50-day simple moving average is $17.79 and its two-hundred day simple moving average is $17.48. First Trust Preferred Securities and Income ETF has a 52-week low of $15.46 and a 52-week high of $18.23.

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.