Eldridge Investment Advisors Inc. Has $8.53 Million Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Eldridge Investment Advisors Inc. raised its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 28.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 506,055 shares of the company’s stock after purchasing an additional 112,546 shares during the quarter. First Trust Preferred Securities and Income ETF makes up about 2.2% of Eldridge Investment Advisors Inc.’s investment portfolio, making the stock its 10th largest position. Eldridge Investment Advisors Inc. owned approximately 0.15% of First Trust Preferred Securities and Income ETF worth $8,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 12.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,380,543 shares of the company’s stock worth $23,276,000 after acquiring an additional 156,873 shares during the last quarter. Triumph Capital Management raised its position in shares of First Trust Preferred Securities and Income ETF by 8.3% during the fourth quarter. Triumph Capital Management now owns 510,642 shares of the company’s stock worth $8,609,000 after acquiring an additional 38,926 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 35.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 475,222 shares of the company’s stock worth $8,012,000 after acquiring an additional 125,271 shares during the last quarter. Choreo LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth $925,000. Finally, Silver Oak Securities Incorporated bought a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth $222,000.

First Trust Preferred Securities and Income ETF Trading Up 0.6 %

NYSEARCA FPE traded up $0.11 on Thursday, reaching $17.17. The company had a trading volume of 912,210 shares, compared to its average volume of 1,392,876. The stock’s 50 day moving average is $17.21 and its 200-day moving average is $16.77. First Trust Preferred Securities and Income ETF has a 52 week low of $15.45 and a 52 week high of $17.45.

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.