Sanctuary Advisors LLC Purchases Shares of 309,285 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Sanctuary Advisors LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 309,285 shares of the company’s stock, valued at approximately $5,267,000. Sanctuary Advisors LLC owned about 0.10% of First Trust Preferred Securities and Income ETF at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FPE. Opal Wealth Advisors LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter worth approximately $26,000. FSC Wealth Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 85.3% in the 2nd quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. Indiana Trust & Investment Management CO acquired a new position in First Trust Preferred Securities and Income ETF in the first quarter worth $44,000. Larson Financial Group LLC boosted its stake in First Trust Preferred Securities and Income ETF by 117.1% in the second quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock worth $46,000 after purchasing an additional 1,441 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $49,000.

First Trust Preferred Securities and Income ETF Stock Down 0.2 %

First Trust Preferred Securities and Income ETF stock opened at $18.14 on Friday. The stock has a 50-day simple moving average of $17.85 and a 200 day simple moving average of $17.51. First Trust Preferred Securities and Income ETF has a 12-month low of $15.46 and a 12-month high of $18.23.

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.