Migdal Insurance & Financial Holdings Ltd. Grows Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Migdal Insurance & Financial Holdings Ltd. grew its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.2% in the 4th quarter, HoldingsChannel reports. The firm owned 151,712 shares of the company’s stock after acquiring an additional 4,729 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FPE. Mather Group LLC. bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter worth approximately $191,000. Dynamic Advisor Solutions LLC raised its position in First Trust Preferred Securities and Income ETF by 23.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 84,229 shares of the company’s stock worth $1,525,000 after purchasing an additional 16,107 shares during the period. Brookstone Capital Management lifted its stake in First Trust Preferred Securities and Income ETF by 5.0% in the third quarter. Brookstone Capital Management now owns 119,207 shares of the company’s stock worth $2,158,000 after purchasing an additional 5,685 shares during the last quarter. Daymark Wealth Partners LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the third quarter valued at about $392,000. Finally, Matrix Trust Co bought a new position in shares of First Trust Preferred Securities and Income ETF during the third quarter valued at about $173,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

FPE opened at $17.81 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23. The business’s 50-day moving average price is $17.78 and its 200-day moving average price is $17.85.

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.