WealthBridge Capital Management LLC Buys 3,357 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

WealthBridge Capital Management LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 85,844 shares of the company’s stock after acquiring an additional 3,357 shares during the period. WealthBridge Capital Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,519,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Advisor Group LLC grew its holdings in First Trust Preferred Securities and Income ETF by 144.8% during the 4th quarter. Private Advisor Group LLC now owns 879,316 shares of the company’s stock worth $15,564,000 after acquiring an additional 520,161 shares during the last quarter. Traction Financial Partners LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 1.9% in the 4th quarter. Traction Financial Partners LLC now owns 264,456 shares of the company’s stock worth $4,681,000 after purchasing an additional 4,910 shares during the period. Atria Wealth Solutions Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 14.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 186,672 shares of the company’s stock valued at $3,304,000 after acquiring an additional 23,067 shares during the period. Truist Financial Corp lifted its position in shares of First Trust Preferred Securities and Income ETF by 4.1% during the 4th quarter. Truist Financial Corp now owns 979,266 shares of the company’s stock valued at $17,333,000 after acquiring an additional 38,527 shares during the period. Finally, Csenge Advisory Group lifted its position in shares of First Trust Preferred Securities and Income ETF by 6.7% during the 4th quarter. Csenge Advisory Group now owns 590,066 shares of the company’s stock valued at $10,444,000 after acquiring an additional 37,050 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $17.85 on Thursday. The company’s fifty day moving average price is $17.75 and its two-hundred day moving average price is $17.87. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 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.