Park Avenue Securities LLC Boosts Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Park Avenue Securities LLC increased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 56.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,236 shares of the company’s stock after acquiring an additional 91,107 shares during the period. Park Avenue Securities LLC owned about 0.08% of First Trust Preferred Securities and Income ETF worth $4,465,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after acquiring an additional 1,035,105 shares during the last quarter. HighTower Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 5.0% in the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock worth $49,777,000 after purchasing an additional 131,536 shares during the last quarter. Stifel Financial Corp boosted its holdings in First Trust Preferred Securities and Income ETF by 19.9% in the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock worth $37,227,000 after purchasing an additional 341,396 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in First Trust Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock worth $33,290,000 after purchasing an additional 21,624 shares during the period. Finally, Prospera Financial Services Inc raised its stake in First Trust Preferred Securities and Income ETF by 15.7% during the 3rd quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock valued at $29,362,000 after buying an additional 220,692 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $17.74 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.82 and a 1 year high of $18.23. The stock’s fifty day moving average price is $17.83 and its 200-day moving average price is $17.83.

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.