Moors & Cabot Inc. Grows Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Moors & Cabot Inc. raised its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 14.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 92,580 shares of the company’s stock after buying an additional 11,376 shares during the quarter. Moors & Cabot Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. raised its stake in shares of First Trust Preferred Securities and Income ETF by 93.1% in the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after purchasing an additional 690 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth about $26,000. FSC Wealth Advisors LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 85.3% in the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the last quarter. Mattson Financial Services LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth about $46,000. Finally, Larson Financial Group LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 117.1% in the second quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock worth $46,000 after purchasing an additional 1,441 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.89 on Thursday. The business has a 50-day moving average price of $18.06 and a 200-day moving average price of $17.69. First Trust Preferred Securities and Income ETF has a 52-week low of $16.09 and a 52-week high of $18.23.

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.