First Trust Preferred Securities and Income ETF $FPE Shares Newly Purchased by StoneX Group Inc.

StoneX Group Inc. purchased a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 44,836 shares of the company’s stock, valued at approximately $764,000.

Several other institutional investors and hedge funds have also modified their holdings of FPE. Bank of America Corp DE raised its holdings in First Trust Preferred Securities and Income ETF by 5.4% in the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock worth $153,578,000 after purchasing an additional 446,585 shares during the period. Cetera Investment Advisers grew its holdings in First Trust Preferred Securities and Income ETF by 14.8% during the first quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock valued at $52,620,000 after purchasing an additional 383,261 shares during the period. Kestra Advisory Services LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 1.8% in the third quarter. Kestra Advisory Services LLC now owns 2,466,108 shares of the company’s stock worth $42,047,000 after buying an additional 44,777 shares during the period. Magnus Financial Group LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 4.7% in the third quarter. Magnus Financial Group LLC now owns 2,052,183 shares of the company’s stock worth $34,990,000 after buying an additional 92,464 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 3.4% in the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock worth $36,272,000 after buying an additional 66,507 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 1.3%

FPE stock opened at $17.12 on Wednesday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.87 and a twelve month high of $18.48. The business’s 50-day moving average price is $17.20 and its 200-day moving average price is $17.81.

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.