World Investment Advisors Makes New $526,000 Investment in First Trust Preferred Securities and Income ETF $FPE

World Investment Advisors bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 28,890 shares of the company’s stock, valued at approximately $526,000.

A number of other large investors also recently made changes to their positions in FPE. Corient Private Wealth LLC purchased a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $201,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $45,000. Larch Capital Partners LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $5,231,000. Kinloch Capital LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 72.8% in the fourth quarter. Kinloch Capital LLC now owns 1,003,054 shares of the company’s stock valued at $18,276,000 after acquiring an additional 422,573 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 7.2% during the fourth quarter. Raymond James Financial Inc. now owns 9,527,406 shares of the company’s stock valued at $173,589,000 after acquiring an additional 641,472 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.1%

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.97 on Wednesday. The business’s fifty day simple moving average is $18.03 and its 200 day simple moving average is $18.13. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 month high of $18.51.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.