Puff Wealth Management LLC Acquires Shares of 60,848 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Puff Wealth Management LLC bought a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 60,848 shares of the company’s stock, valued at approximately $1,077,000. First Trust Preferred Securities and Income ETF accounts for 1.8% of Puff Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its position in First Trust Preferred Securities and Income ETF by 1,642.3% in the third quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock worth $279,530,000 after acquiring an additional 1,455,731 shares during the period. Falcon Wealth Planning bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $19,169,000. 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 purchasing an additional 1,035,105 shares during the last quarter. Barclays PLC bought a new position in First Trust Preferred Securities and Income ETF during the third quarter valued at $12,838,000. Finally, Advisory Alpha LLC purchased a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth $11,641,000.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

Shares of NYSEARCA FPE opened at $17.85 on Friday. First Trust Preferred Securities and Income ETF has a one year low of $16.95 and a one year high of $18.23. The business’s fifty day moving average price is $17.76 and its 200-day moving average price is $17.87.

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.