Stonebridge Advisors LLC Boosts Position in First Trust Preferred Securities and Income ETF $FPE

Stonebridge Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1,312.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,368,824 shares of the company’s stock after buying an additional 2,201,095 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 22.0% of Stonebridge Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Stonebridge Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $40,181,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Ironwood Investment Counsel LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 4.2% during the fourth quarter. Ironwood Investment Counsel LLC now owns 246,793 shares of the company’s stock valued at $4,497,000 after buying an additional 9,883 shares during the last quarter. Cascade Financial Partners LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $202,000. AlphaCore Capital LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $828,000. Bedminster LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $238,000. Finally, PCG Wealth Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 13.5% during the fourth quarter. PCG Wealth Advisors LLC now owns 55,205 shares of the company’s stock valued at $1,006,000 after buying an additional 6,552 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.1%

FPE opened at $18.01 on Tuesday. The stock’s 50 day moving average price is $18.01 and its 200-day moving average price is $18.19. First Trust Preferred Securities and Income ETF has a one year low of $17.33 and a one year high of $18.51.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.