Financial Enhancement Group LLC Increases Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Financial Enhancement Group LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.6% in the 1st quarter, HoldingsChannel reports. The firm owned 371,177 shares of the company’s stock after purchasing an additional 2,230 shares during the quarter. Financial Enhancement Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $6,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Creekmur Asset Management LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter worth about $116,000. Hilltop Holdings Inc. raised its position in First Trust Preferred Securities and Income ETF by 9.0% during the fourth quarter. Hilltop Holdings Inc. now owns 10,896 shares of the company’s stock valued at $184,000 after acquiring an additional 896 shares in the last quarter. Centaurus Financial Inc. raised its position in First Trust Preferred Securities and Income ETF by 8.4% during the fourth quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock valued at $184,000 after acquiring an additional 848 shares in the last quarter. Diversified LLC purchased a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $198,000. Finally, Carmichael Hill & Associates Inc. raised its position in First Trust Preferred Securities and Income ETF by 10.9% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 12,388 shares of the company’s stock valued at $209,000 after acquiring an additional 1,218 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

FPE stock traded down $0.02 during trading on Wednesday, hitting $17.42. 820,782 shares of the company traded hands, compared to its average volume of 1,327,771. The stock’s 50-day simple moving average is $17.26 and its 200 day simple moving average is $17.13. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $17.45.

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.