Econ Financial Services Corp Increases Stake in First Trust Preferred Securities and Income ETF $FPE

Econ Financial Services Corp boosted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 54.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 180,142 shares of the company’s stock after buying an additional 63,280 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for 1.5% of Econ Financial Services Corp’s investment portfolio, making the stock its 25th largest position. Econ Financial Services Corp’s holdings in First Trust Preferred Securities and Income ETF were worth $3,198,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Falcon Wealth Planning raised its stake in shares of First Trust Preferred Securities and Income ETF by 11.2% in the first quarter. Falcon Wealth Planning now owns 1,514,417 shares of the company’s stock valued at $26,881,000 after acquiring an additional 152,675 shares in the last quarter. Silver Oak Securities Incorporated grew its stake in First Trust Preferred Securities and Income ETF by 27.5% during the 1st quarter. Silver Oak Securities Incorporated now owns 99,426 shares of the company’s stock worth $1,765,000 after purchasing an additional 21,475 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in First Trust Preferred Securities and Income ETF by 5.4% during the 1st quarter. Kestra Private Wealth Services LLC now owns 659,740 shares of the company’s stock worth $11,710,000 after purchasing an additional 33,527 shares in the last quarter. RFG Advisory LLC increased its holdings in First Trust Preferred Securities and Income ETF by 6.7% during the 1st quarter. RFG Advisory LLC now owns 184,631 shares of the company’s stock worth $3,277,000 after purchasing an additional 11,554 shares during the period. Finally, WealthBridge Capital Management LLC increased its holdings in First Trust Preferred Securities and Income ETF by 7.9% during the 1st quarter. WealthBridge Capital Management LLC now owns 99,241 shares of the company’s stock worth $1,762,000 after purchasing an additional 7,304 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.1%

FPE stock opened at $17.87 on Friday. The business’s 50-day moving average is $18.02 and its two-hundred day moving average is $18.13. First Trust Preferred Securities and Income ETF has a 1 year low of $17.54 and a 1 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.