First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 711,552 shares of the company’s stock after buying an additional 18,609 shares during the quarter. MML Investors Services LLC owned 0.23% of First Trust Preferred Securities and Income ETF worth $12,879,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FPE. Farther Finance Advisors LLC grew its holdings in First Trust Preferred Securities and Income ETF by 5.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after purchasing an additional 559 shares in the last quarter. Aspen Wealth Strategies LLC boosted its position in First Trust Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock valued at $922,000 after purchasing an additional 593 shares during the period. Ameliora Wealth Management Ltd. grew its position in First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after purchasing an additional 690 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in First Trust Preferred Securities and Income ETF by 5.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after acquiring an additional 829 shares during the period. Finally, Patten Group Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 1.2% in the second quarter. Patten Group Inc. now owns 78,132 shares of the company’s stock worth $1,356,000 after purchasing an additional 961 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.99 on Wednesday. The business has a fifty day simple moving average of $18.00 and a 200-day simple moving average of $17.76. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.46 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.