Ashton Thomas Private Wealth LLC Acquires Shares of 9,144 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Ashton Thomas Private Wealth LLC bought a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the second quarter, Holdings Channel reports. The firm bought 9,144 shares of the company’s stock, valued at approximately $159,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter worth $26,000. Bogart Wealth LLC acquired a new position in First Trust Preferred Securities and Income ETF in the first quarter valued at about $36,000. FSC Wealth Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 85.3% during the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth about $44,000. Finally, Larson Financial Group LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 117.1% in the 2nd quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock valued at $46,000 after acquiring an additional 1,441 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.2 %

Shares of NYSEARCA:FPE opened at $17.98 on Friday. The firm’s 50 day simple moving average is $17.65 and its 200 day simple moving average is $17.40. First Trust Preferred Securities and Income ETF has a fifty-two week low of $15.46 and a fifty-two week high of $17.98.

First Trust Preferred Securities and Income ETF 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.