First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Position Raised by PCG Wealth Advisors LLC

PCG Wealth Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 179.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 65,440 shares of the company’s stock after buying an additional 42,063 shares during the quarter. PCG Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,158,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its stake in First Trust Preferred Securities and Income ETF by 9.5% in the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after buying an additional 1,035,105 shares during the last quarter. HighTower Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 5.0% in the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after buying an additional 131,536 shares during the last quarter. Stifel Financial Corp raised its stake in shares of First Trust Preferred Securities and Income ETF by 19.9% during the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after purchasing an additional 341,396 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of First Trust Preferred Securities and Income ETF by 1.2% during the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock valued at $33,290,000 after purchasing an additional 21,624 shares in the last quarter. Finally, Prospera Financial Services Inc raised its stake in shares of First Trust Preferred Securities and Income ETF by 15.7% during the third quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock valued at $29,362,000 after purchasing an additional 220,692 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.72 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two week high of $18.23. The firm’s 50-day simple moving average is $17.80 and its 200 day simple moving average is $17.84.

First Trust Preferred Securities and Income ETF Company 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.