Independent Wealth Network Inc. Buys 567 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Independent Wealth Network Inc. grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,525 shares of the company’s stock after purchasing an additional 567 shares during the period. Independent Wealth Network Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,921,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Creative Planning raised its holdings in shares of First Trust Preferred Securities and Income ETF by 32.8% in the third quarter. Creative Planning now owns 14,869 shares of the company’s stock worth $269,000 after buying an additional 3,669 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after buying an additional 559 shares during the period. Acorn Wealth Advisors LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the third quarter worth approximately $318,000. JPMorgan Chase & Co. raised its holdings in shares of 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 worth $17,912,000 after buying an additional 224,647 shares during the period. Finally, Elevation Capital Advisory LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter worth approximately $5,750,000.

First Trust Preferred Securities and Income ETF Trading Down 0.6 %

Shares of NYSEARCA FPE opened at $17.73 on Thursday. The business’s 50 day moving average price is $17.81 and its 200-day moving average price is $17.84. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.89 and a fifty-two week high of $18.23.

First Trust Preferred Securities and Income ETF Company 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.