Western Wealth Management LLC Acquires 7,341 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Western Wealth Management LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,635 shares of the company’s stock after buying an additional 7,341 shares during the period. Western Wealth Management LLC owned 0.08% of First Trust Preferred Securities and Income ETF worth $4,664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. First Horizon Advisors Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 264.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $26,000 after purchasing an additional 1,201 shares in the last quarter. Tyler Stone Wealth Management bought a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter worth about $30,000. Fortis Capital Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth about $35,000. Sunbelt Securities Inc. bought a new position in First Trust Preferred Securities and Income ETF in the 1st quarter worth about $46,000. Finally, Cozad Asset Management Inc. bought a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter worth about $160,000.

First Trust Preferred Securities and Income ETF Stock Performance

FPE remained flat at $17.02 during midday trading on Thursday. 1,247,236 shares of the company’s stock traded hands, compared to its average volume of 1,450,126. The firm has a 50 day moving average of $17.21 and a 200-day moving average of $16.68. First Trust Preferred Securities and Income ETF has a 1-year low of $15.45 and a 1-year 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.