Meridian Financial Partners LLC Takes $742,000 Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Meridian Financial Partners LLC acquired a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,910 shares of the company’s stock, valued at approximately $742,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FPE. Ameliora Wealth Management Ltd. grew its position in First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after purchasing an additional 690 shares during the last quarter. Mattson Financial Services LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at about $46,000. ORG Partners LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after buying an additional 2,500 shares during the period. FSC Wealth Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after buying an additional 1,648 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

First Trust Preferred Securities and Income ETF stock opened at $17.57 on Wednesday. The business has a 50 day moving average price of $17.84 and a two-hundred day moving average price of $17.83. First Trust Preferred Securities and Income ETF has a 12 month low of $16.82 and a 12 month high of $18.23.

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.