Apollon Wealth Management LLC Raises Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Apollon Wealth Management LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 14.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,274 shares of the company’s stock after acquiring an additional 3,343 shares during the quarter. Apollon Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FPE. Jaffetilchin Investment Partners LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 13.3% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 74,377 shares of the company’s stock worth $1,346,000 after purchasing an additional 8,755 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in First Trust Preferred Securities and Income ETF by 5.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 146,983 shares of the company’s stock worth $2,660,000 after buying an additional 7,889 shares during the period. Sigma Planning Corp boosted its position in First Trust Preferred Securities and Income ETF by 10.7% during the 3rd quarter. Sigma Planning Corp now owns 360,186 shares of the company’s stock valued at $6,519,000 after acquiring an additional 34,789 shares in the last quarter. PFS Partners LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.3% in the 3rd quarter. PFS Partners LLC now owns 351,221 shares of the company’s stock valued at $6,357,000 after acquiring an additional 7,793 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter worth $360,000.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

Shares of FPE stock opened at $17.95 on Friday. The stock’s 50-day moving average is $18.06 and its 200 day moving average is $17.68. First Trust Preferred Securities and Income ETF has a 1-year low of $16.09 and a 1-year 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.