LPL Financial LLC Buys 362,026 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

LPL Financial LLC grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,841,607 shares of the company’s stock after purchasing an additional 362,026 shares during the quarter. LPL Financial LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $188,210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MGO One Seven LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 10.6% in the second quarter. MGO One Seven LLC now owns 453,271 shares of the company’s stock worth $7,869,000 after purchasing an additional 43,343 shares during the period. Bright Futures Wealth Management LLC. increased its position in First Trust Preferred Securities and Income ETF by 3.0% in the 2nd quarter. Bright Futures Wealth Management LLC. now owns 104,663 shares of the company’s stock worth $1,834,000 after buying an additional 3,090 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter worth approximately $159,000. Gallacher Capital Management LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 28.0% in the second quarter. Gallacher Capital Management LLC now owns 126,689 shares of the company’s stock valued at $2,199,000 after acquiring an additional 27,727 shares during the period. Finally, Strategic Financial Concepts LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 172.2% in the second quarter. Strategic Financial Concepts LLC now owns 301,338 shares of the company’s stock worth $52,000 after acquiring an additional 190,646 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

NYSEARCA:FPE opened at $17.94 on Thursday. First Trust Preferred Securities and Income ETF has a one year low of $15.46 and a one year high of $17.95. The company has a fifty day moving average price of $17.64 and a 200 day moving average price of $17.39.

About First Trust Preferred Securities and Income ETF

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.