MJP Associates Inc. ADV Grows Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

MJP Associates Inc. ADV raised its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,081 shares of the company’s stock after purchasing an additional 1,505 shares during the period. MJP Associates Inc. ADV’s holdings in First Trust Preferred Securities and Income ETF were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FPE. Wells Fargo & Company MN grew its holdings in First Trust Preferred Securities and Income ETF by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,592,022 shares of the company’s stock valued at $178,581,000 after purchasing an additional 42,501 shares during the last quarter. Raymond James & Associates raised its holdings in shares of First Trust Preferred Securities and Income ETF by 5.8% in the fourth quarter. Raymond James & Associates now owns 3,102,085 shares of the company’s stock worth $52,301,000 after buying an additional 169,272 shares during the period. OLD Mission Capital LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 26,692.8% during the 4th quarter. OLD Mission Capital LLC now owns 2,835,478 shares of the company’s stock worth $47,806,000 after acquiring an additional 2,824,895 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of First Trust Preferred Securities and Income ETF by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 2,418,800 shares of the company’s stock worth $38,628,000 after acquiring an additional 38,411 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 1.5% during the 4th quarter. Kestra Advisory Services LLC now owns 2,033,998 shares of the company’s stock valued at $34,293,000 after acquiring an additional 30,872 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock traded up $0.02 during midday trading on Friday, reaching $17.39. The company’s stock had a trading volume of 863,087 shares, compared to its average volume of 1,332,183. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $17.45. The stock has a fifty day simple moving average of $17.24 and a two-hundred day simple moving average of $17.11.

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.