Glassy Mountain Advisors Inc. Purchases 74,848 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Glassy Mountain Advisors Inc. increased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 428,626 shares of the company’s stock after acquiring an additional 74,848 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 2.6% of Glassy Mountain Advisors Inc.’s holdings, making the stock its 17th biggest position. Glassy Mountain Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $7,587,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FPE. LPL Financial LLC grew its position in First Trust Preferred Securities and Income ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after purchasing an additional 1,035,105 shares during the last quarter. HighTower Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 5.0% during the 3rd quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock worth $49,777,000 after purchasing an additional 131,536 shares during the last quarter. Stifel Financial Corp grew its position in First Trust Preferred Securities and Income ETF by 19.9% during the 3rd quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock worth $37,227,000 after purchasing an additional 341,396 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in First Trust Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock worth $33,290,000 after purchasing an additional 21,624 shares during the last quarter. Finally, Prospera Financial Services Inc grew its position in First Trust Preferred Securities and Income ETF by 15.7% during the 3rd quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock worth $29,362,000 after purchasing an additional 220,692 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $17.81 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23. The company’s 50 day moving average is $17.78 and its two-hundred day moving average is $17.85.

About First Trust Preferred Securities and Income ETF

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.