Schnieders Capital Management LLC Makes New $395,000 Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Schnieders Capital Management LLC bought a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, Holdings Channel reports. The firm bought 23,440 shares of the company’s stock, valued at approximately $395,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stockman Wealth Management Inc. grew its position in First Trust Preferred Securities and Income ETF by 5.6% during the fourth quarter. Stockman Wealth Management Inc. now owns 35,654 shares of the company’s stock worth $601,000 after buying an additional 1,877 shares during the period. Diversified LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $198,000. Capital Investment Advisory Services LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 11.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 128,282 shares of the company’s stock valued at $2,163,000 after purchasing an additional 13,628 shares during the last quarter. J.W. Cole Advisors Inc. grew its position in shares of First Trust Preferred Securities and Income ETF by 1.0% in the fourth quarter. J.W. Cole Advisors Inc. now owns 78,371 shares of the company’s stock valued at $1,321,000 after purchasing an additional 759 shares during the last quarter. Finally, Western Wealth Management LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 2.7% in the fourth quarter. Western Wealth Management LLC now owns 276,635 shares of the company’s stock valued at $4,664,000 after purchasing an additional 7,341 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

Shares of FPE stock traded down $0.01 during trading hours on Wednesday, hitting $17.06. The company’s stock had a trading volume of 809,801 shares, compared to its average volume of 1,432,051. The business has a fifty day moving average of $17.21 and a 200-day moving average of $16.72. First Trust Preferred Securities and Income ETF has a twelve month low of $15.45 and a twelve month high of $17.45.

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.