Kingswood Wealth Advisors LLC Raises Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Kingswood Wealth Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 735,195 shares of the company’s stock after purchasing an additional 116,000 shares during the period. First Trust Preferred Securities and Income ETF makes up 1.0% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Kingswood Wealth Advisors LLC owned 0.24% of First Trust Preferred Securities and Income ETF worth $13,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of 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 buying an additional 1,035,105 shares in the last quarter. HighTower Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 5.0% during the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock worth $49,777,000 after acquiring an additional 131,536 shares during the last quarter. Stifel Financial Corp raised its position in First Trust Preferred Securities and Income ETF by 19.9% during the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock worth $37,227,000 after acquiring an additional 341,396 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1.2% in the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock valued at $33,290,000 after purchasing an additional 21,624 shares in the last quarter. Finally, Prospera Financial Services Inc grew its position in shares of First Trust Preferred Securities and Income ETF by 15.7% in the third quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock valued at $29,362,000 after purchasing an additional 220,692 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $17.72 on Monday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23. The firm has a 50-day moving average price of $17.80 and a 200 day moving average price of $17.85.

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.