Aspen Wealth Strategies LLC Acquires 13,353 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Aspen Wealth Strategies LLC boosted its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 26.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,312 shares of the company’s stock after acquiring an additional 13,353 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 0.7% of Aspen Wealth Strategies LLC’s investment portfolio, making the stock its 23rd biggest position. Aspen Wealth Strategies LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Perigon Wealth Management LLC bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $219,000. Atomi Financial Group Inc. bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $232,000. Acorn Wealth Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF in the third quarter valued at about $318,000. JPMorgan Chase & Co. boosted its position in First Trust Preferred Securities and Income ETF by 29.4% in the third quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after buying an additional 224,647 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its position in First Trust Preferred Securities and Income ETF by 14.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 186,672 shares of the company’s stock valued at $3,304,000 after buying an additional 23,067 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.70 on Tuesday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23. The company’s 50-day moving average price is $17.75 and its two-hundred day moving average price is $17.89.

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.