Wealth Enhancement Advisory Services LLC Boosts Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Wealth Enhancement Advisory Services LLC boosted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 605,588 shares of the company’s stock after purchasing an additional 45,783 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $10,961,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 9.5% in 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 in the last quarter. HighTower Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 5.0% in the 3rd quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after acquiring an additional 131,536 shares in the last quarter. Stifel Financial Corp lifted its position in shares of First Trust Preferred Securities and Income ETF by 19.9% during the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock worth $37,227,000 after purchasing an additional 341,396 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of First Trust Preferred Securities and Income ETF by 1.2% during the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock worth $33,290,000 after purchasing an additional 21,624 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of First Trust Preferred Securities and Income ETF by 15.7% in the third quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock valued at $29,362,000 after purchasing an additional 220,692 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.59 on Monday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.82 and a fifty-two week high of $18.23. The company has a 50 day moving average price of $17.86 and a 200 day moving average price of $17.83.

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.