Glassy Mountain Advisors Inc. Buys 10,617 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Glassy Mountain Advisors Inc. increased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 353,778 shares of the company’s stock after buying an additional 10,617 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for 2.2% of Glassy Mountain Advisors Inc.’s portfolio, making the stock its 18th biggest holding. Glassy Mountain Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $6,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of FPE. Opal Wealth Advisors LLC bought a new stake in First Trust Preferred Securities and Income ETF in the second quarter valued at about $26,000. Ameliora Wealth Management Ltd. boosted its holdings in First Trust Preferred Securities and Income ETF by 93.1% during the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after purchasing an additional 690 shares in the last quarter. FSC Wealth Advisors LLC grew its stake 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 period. Larson Financial Group LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 117.1% in 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 in the last quarter. Finally, Mattson Financial Services LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $46,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

Shares of NYSEARCA:FPE opened at $17.87 on Friday. The business’s fifty day moving average price is $18.02 and its two-hundred day moving average price is $17.61. First Trust Preferred Securities and Income ETF has a fifty-two week low of $15.77 and a fifty-two 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.