Capital Investment Advisors LLC Grows Stock Position in First Trust Preferred Securities and Income ETF $FPE

Capital Investment Advisors LLC grew its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,409 shares of the company’s stock after acquiring an additional 1,572 shares during the quarter. Capital Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hazlett Burt & Watson Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF in the first quarter valued at approximately $28,000. Bessemer Group Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the first quarter valued at approximately $79,000. Capital Analysts LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 13,641.0% in the first quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock valued at $94,000 after purchasing an additional 5,320 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 42.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,465 shares of the company’s stock valued at $96,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Mendota Financial Group LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 20.7% in the first quarter. Mendota Financial Group LLC now owns 8,814 shares of the company’s stock valued at $155,000 after purchasing an additional 1,513 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $18.30 on Friday. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.42. The stock has a 50 day moving average price of $18.13 and a 200 day moving average price of $17.75.

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.