First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Bought by Merkkuri Wealth Advisors LLC

Merkkuri Wealth Advisors LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 28.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,071 shares of the company’s stock after purchasing an additional 3,581 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $291,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FPE. Opal Wealth Advisors LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter worth about $26,000. Ameliora Wealth Management Ltd. lifted its position in shares of First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after acquiring an additional 690 shares in the last quarter. FSC Wealth Advisors LLC boosted its stake in 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 worth $38,000 after purchasing an additional 1,000 shares during the period. Indiana Trust & Investment Management CO purchased a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $44,000. Finally, Larson Financial Group LLC raised its stake in 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 valued at $46,000 after purchasing an additional 1,441 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $18.00 on Friday. The stock has a fifty day moving average of $18.00 and a 200-day moving average of $17.58. First Trust Preferred Securities and Income ETF has a 12-month low of $15.46 and a 12-month high of $18.23.

First Trust Preferred Securities and Income ETF Company 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.