Tanager Wealth Management LLP Purchases Shares of 14,939 First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Tanager Wealth Management LLP acquired a new stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,939 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds have also recently modified their holdings of the company. Ameliora Wealth Management Ltd. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 93.1% during the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after acquiring an additional 690 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 96.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after acquiring an additional 826 shares in the last quarter. ORG Partners LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after acquiring an additional 2,500 shares in the last quarter. FSC Wealth Advisors LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after acquiring an additional 1,648 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $17.76 on Wednesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23. The firm’s 50-day moving average price is $17.78 and its 200-day moving average price is $17.85.

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.