First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.0% in the 4th quarter, Holdings Channel reports. The fund owned 1,482,254 shares of the company’s stock after buying an additional 57,194 shares during the period. First Trust Preferred Securities and Income ETF accounts for 2.5% of Magnus Financial Group LLC’s investment portfolio, making the stock its 8th largest holding. Magnus Financial Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $26,236,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Stonebridge Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 25.1% during the second quarter. Stonebridge Advisors LLC now owns 228,435 shares of the company’s stock worth $3,966,000 after purchasing an additional 45,880 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of First Trust Preferred Securities and Income ETF by 11.4% during the second quarter. Bank of Montreal Can now owns 245,835 shares of the company’s stock worth $4,287,000 after purchasing an additional 25,167 shares during the last quarter. Trinity Legacy Partners LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 2.3% during the second quarter. Trinity Legacy Partners LLC now owns 972,141 shares of the company’s stock worth $16,876,000 after purchasing an additional 22,076 shares during the last quarter. Elevation Capital Advisory LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter worth about $5,750,000. Finally, Traction Financial Partners LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 10.0% during the second quarter. Traction Financial Partners LLC now owns 278,441 shares of the company’s stock worth $4,928,000 after purchasing an additional 25,333 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.76 on Wednesday. The stock’s 50-day moving average is $17.82 and its 200-day moving average is $17.84. First Trust Preferred Securities and Income ETF has a 1-year low of $16.89 and a 1-year 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.