Arkadios Wealth Advisors Acquires New Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Arkadios Wealth Advisors bought a new position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,577 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 1,480.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,799,288 shares of the company’s stock worth $30,336,000 after purchasing an additional 1,685,412 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 12.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 23,116 shares of the company’s stock valued at $390,000 after buying an additional 2,638 shares during the last quarter. Private Advisor Group LLC raised its stake in First Trust Preferred Securities and Income ETF by 1.1% during the fourth quarter. Private Advisor Group LLC now owns 483,466 shares of the company’s stock worth $8,151,000 after acquiring an additional 5,247 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in First Trust Preferred Securities and Income ETF by 4.9% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,053,924 shares of the company’s stock worth $17,769,000 after acquiring an additional 48,914 shares during the last quarter. Finally, Everpar Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $525,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.76 on Friday. The firm’s 50-day moving average price is $17.57 and its two-hundred day moving average price is $17.35. First Trust Preferred Securities and Income ETF has a 52-week low of $15.46 and a 52-week high of $17.83.

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.