Vestmark Advisory Solutions Inc. Takes $277,000 Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Vestmark Advisory Solutions Inc. bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,622 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FPE. Raymond James Financial Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $151,643,000. Falcon Wealth Planning acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $19,169,000. LPL Financial LLC increased its position in First Trust Preferred Securities and Income ETF by 9.5% in the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after purchasing an additional 1,035,105 shares during the period. Barclays PLC acquired a new stake in First Trust Preferred Securities and Income ETF in the third quarter worth about $12,838,000. Finally, Advisory Alpha LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $11,641,000.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

Shares of FPE stock opened at $17.75 on Monday. The stock has a 50-day moving average price of $17.76 and a 200 day moving average price of $17.89. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month 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.