Marion Wealth Management Grows Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Marion Wealth Management grew its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 324,214 shares of the company’s stock after acquiring an additional 12,404 shares during the period. First Trust Preferred Securities and Income ETF comprises approximately 1.5% of Marion Wealth Management’s holdings, making the stock its 18th biggest holding. Marion Wealth Management owned about 0.11% of First Trust Preferred Securities and Income ETF worth $5,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FPE. Stonebridge Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 25.1% in the 2nd quarter. Stonebridge Advisors LLC now owns 228,435 shares of the company’s stock worth $3,966,000 after acquiring an additional 45,880 shares during the period. Moors & Cabot Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 5.9% in the second quarter. Moors & Cabot Inc. now owns 81,204 shares of the company’s stock valued at $1,410,000 after purchasing an additional 4,550 shares during the period. Perennial Investment Advisors LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $374,000. RPg Family Wealth Advisory LLC grew its holdings in First Trust Preferred Securities and Income ETF by 17.0% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 20,378 shares of the company’s stock valued at $354,000 after purchasing an additional 2,956 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in First Trust Preferred Securities and Income ETF by 1,275.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after buying an additional 380,318 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE traded down $0.06 on Monday, reaching $17.53. The stock had a trading volume of 1,565,223 shares, compared to its average volume of 1,878,903. The company has a 50-day moving average of $17.86 and a 200 day moving average of $17.83. First Trust Preferred Securities and Income ETF has a 12-month low of $16.82 and a 12-month high of $18.23.

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.