Cornerstone Wealth Management LLC Takes $629,000 Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Cornerstone Wealth Management LLC purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 35,520 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. increased its stake in shares of First Trust Preferred Securities and Income ETF by 93.1% in 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 during the period. Raleigh Capital Management Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 96.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after buying an additional 826 shares in the last quarter. Mattson Financial Services LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at approximately $46,000. ORG Partners LLC raised its stake in First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after acquiring an additional 2,500 shares in the last quarter. Finally, FSC Wealth Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 75.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after acquiring an additional 1,648 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $17.72 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23. The business has a fifty day moving average of $17.80 and a 200-day moving average of $17.84.

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.