JPMorgan Chase & Co. Acquires 224,647 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

JPMorgan Chase & Co. boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 29.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 989,613 shares of the company’s stock after buying an additional 224,647 shares during the period. JPMorgan Chase & Co.’s holdings in First Trust Preferred Securities and Income ETF were worth $17,912,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 1,642.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock valued at $279,530,000 after purchasing an additional 1,455,731 shares during the period. LPL Financial LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 9.5% during the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after buying an additional 1,035,105 shares during the period. Barclays PLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the third quarter worth about $12,838,000. Ameritas Investment Partners Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1,275.1% in the second quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after buying an additional 380,318 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of First Trust Preferred Securities and Income ETF by 19.9% in the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after acquiring an additional 341,396 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $17.68 on Friday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.78 and a 1-year high of $18.23. The firm’s 50 day simple moving average is $17.87 and its 200 day simple moving average is $17.82.

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.