First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Position Lifted by Lokken Investment Group LLC

Lokken Investment Group LLC raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 318,743 shares of the company’s stock after purchasing an additional 3,055 shares during the period. First Trust Preferred Securities and Income ETF accounts for approximately 2.4% of Lokken Investment Group LLC’s holdings, making the stock its 12th biggest holding. Lokken Investment Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $5,642,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FPE. Perigon Wealth Management LLC acquired a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $219,000. Atomi Financial Group Inc. bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $232,000. JPMorgan Chase & Co. grew its position in shares of First Trust Preferred Securities and Income ETF by 29.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock worth $17,912,000 after acquiring an additional 224,647 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 14.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 186,672 shares of the company’s stock valued at $3,304,000 after acquiring an additional 23,067 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of First Trust Preferred Securities and Income ETF by 12.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,838 shares of the company’s stock valued at $269,000 after acquiring an additional 1,696 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.59 on Tuesday. 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 fifty day moving average price is $17.76 and its 200 day moving average price is $17.87.

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.