Thurston Springer Miller Herd & Titak Inc. Makes New $49,000 Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,814 shares of the company’s stock, valued at approximately $49,000.

A number of other large investors also recently modified their holdings of FPE. Wells Fargo & Company MN raised its holdings in First Trust Preferred Securities and Income ETF by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,592,022 shares of the company’s stock valued at $178,581,000 after acquiring an additional 42,501 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in First Trust Preferred Securities and Income ETF by 7.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,394,476 shares of the company’s stock valued at $93,432,000 after purchasing an additional 392,560 shares during the period. Raymond James & Associates lifted its holdings in First Trust Preferred Securities and Income ETF by 7.5% in the 1st quarter. Raymond James & Associates now owns 3,334,448 shares of the company’s stock worth $57,753,000 after purchasing an additional 232,363 shares in the last quarter. OLD Mission Capital LLC boosted its stake in First Trust Preferred Securities and Income ETF by 26,692.8% in the 4th quarter. OLD Mission Capital LLC now owns 2,835,478 shares of the company’s stock worth $47,806,000 after purchasing an additional 2,824,895 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in First Trust Preferred Securities and Income ETF by 4.9% during the 1st quarter. Kestra Advisory Services LLC now owns 2,134,429 shares of the company’s stock valued at $36,968,000 after buying an additional 100,431 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock traded up $0.06 during mid-day trading on Wednesday, hitting $17.54. The company had a trading volume of 139,333 shares, compared to its average volume of 1,260,457. The stock’s 50 day moving average price is $17.44 and its 200-day moving average price is $17.27. First Trust Preferred Securities and Income ETF has a 52-week low of $15.46 and a 52-week high of $17.70.

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.