21,567 Shares in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Purchased by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,567 shares of the company’s stock, valued at approximately $374,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter worth approximately $26,000. Bogart Wealth LLC purchased a new position in First Trust Preferred Securities and Income ETF during the first quarter worth approximately $36,000. FSC Wealth Advisors LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 85.3% in the 2nd quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter valued at $44,000. Finally, Larson Financial Group LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 117.1% during the 2nd quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock worth $46,000 after buying an additional 1,441 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

Shares of FPE opened at $18.09 on Wednesday. First Trust Preferred Securities and Income ETF has a twelve month low of $15.46 and a twelve month high of $18.10. The stock’s fifty day simple moving average is $17.69 and its 200 day simple moving average is $17.43.

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.