B. Riley Wealth Advisors Inc. Purchases 149,128 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

B. Riley Wealth Advisors Inc. increased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 673.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 171,273 shares of the company’s stock after buying an additional 149,128 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Etesian Wealth Advisors Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.3% during the 1st quarter. Etesian Wealth Advisors Inc. now owns 187,309 shares of the company’s stock valued at $3,244,000 after purchasing an additional 595 shares during the last quarter. Cornerstone Advisory LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 2.2% in the 4th quarter. Cornerstone Advisory LLC now owns 31,729 shares of the company’s stock valued at $535,000 after acquiring an additional 672 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 78,371 shares of the company’s stock valued at $1,321,000 after acquiring an additional 759 shares during the last quarter. Cedrus LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.8% in the 4th quarter. Cedrus LLC now owns 101,440 shares of the company’s stock valued at $1,710,000 after acquiring an additional 815 shares during the last quarter. Finally, Edmonds Duncan Registered Investment Advisors LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.6% in the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 149,957 shares of the company’s stock valued at $2,597,000 after acquiring an additional 825 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

Shares of NYSEARCA:FPE opened at $17.57 on Thursday. First Trust Preferred Securities and Income ETF has a 12 month low of $15.46 and a 12 month high of $17.70. The company has a 50-day moving average price of $17.42 and a 200 day moving average price of $17.26.

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.