Gradient Investments LLC Grows Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Gradient Investments LLC raised its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 375,447 shares of the company’s stock after acquiring an additional 17,892 shares during the period. Gradient Investments LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $6,645,000 as of its most recent SEC filing.

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

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.72 on Friday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week high of $18.23. The company has a 50-day moving average price of $17.80 and a 200 day moving average price 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.