Mainsail Financial Group LLC Acquires 8,181 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Mainsail Financial Group LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,234 shares of the company’s stock after purchasing an additional 8,181 shares during the period. First Trust Preferred Securities and Income ETF comprises 1.2% of Mainsail Financial Group LLC’s portfolio, making the stock its 24th biggest holding. Mainsail Financial Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,075,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Realta Investment Advisors acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $310,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in First Trust Preferred Securities and Income ETF by 3.2% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 151,712 shares of the company’s stock worth $2,685,000 after acquiring an additional 4,729 shares in the last quarter. Glassy Mountain Advisors Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 21.2% during the fourth quarter. Glassy Mountain Advisors Inc. now owns 428,626 shares of the company’s stock valued at $7,587,000 after acquiring an additional 74,848 shares during the period. Silver Oak Securities Incorporated boosted its stake in shares of First Trust Preferred Securities and Income ETF by 471.2% in the 4th quarter. Silver Oak Securities Incorporated now owns 76,923 shares of the company’s stock valued at $1,362,000 after purchasing an additional 63,455 shares in the last quarter. Finally, Lion Street Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 12.1% in the 4th quarter. Lion Street Advisors LLC now owns 64,732 shares of the company’s stock valued at $1,146,000 after purchasing an additional 7,007 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.80 on Friday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23. The company has a 50-day simple moving average of $17.78 and a 200 day simple moving average 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.