First Trust Preferred Securities and Income ETF $FPE Stock: Fifth Third Securities Inc. Boosts Holdings

Fifth Third Securities Inc. raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 15.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 556,695 shares of the company’s stock after buying an additional 75,116 shares during the quarter. Fifth Third Securities Inc. owned 0.16% of First Trust Preferred Securities and Income ETF worth $9,492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QP Wealth Management LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 3.8% in the third quarter. QP Wealth Management LLC now owns 24,755 shares of the company’s stock worth $422,000 after acquiring an additional 915 shares in the last quarter. Newman Dignan & Sheerar Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 4.7% during the third quarter. Newman Dignan & Sheerar Inc. now owns 501,318 shares of the company’s stock valued at $8,547,000 after acquiring an additional 22,333 shares during the period. Parkside Investments LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 6.9% in the 3rd quarter. Parkside Investments LLC now owns 1,091,994 shares of the company’s stock valued at $18,618,000 after acquiring an additional 70,863 shares in the last quarter. Milestones Private Investment Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 0.4% in the 3rd quarter. Milestones Private Investment Advisors LLC now owns 147,334 shares of the company’s stock valued at $2,512,000 after acquiring an additional 650 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC boosted its stake in First Trust Preferred Securities and Income ETF by 5.7% in the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 12,323 shares of the company’s stock worth $210,000 after purchasing an additional 661 shares during the period.

First Trust Preferred Securities and Income ETF Trading Down 0.5%

First Trust Preferred Securities and Income ETF stock traded down $0.08 during midday trading on Wednesday, reaching $16.97. The stock had a trading volume of 690,921 shares, compared to its average volume of 1,358,020. First Trust Preferred Securities and Income ETF has a twelve month low of $16.94 and a twelve month high of $18.48. The firm’s fifty day simple moving average is $17.42 and its two-hundred day simple moving average is $17.77.

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.