Financial Enhancement Group LLC Has $8.14 Million Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Financial Enhancement Group LLC lifted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 20.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 449,648 shares of the company’s stock after buying an additional 75,900 shares during the period. First Trust Preferred Securities and Income ETF makes up about 1.4% of Financial Enhancement Group LLC’s portfolio, making the stock its 22nd largest position. Financial Enhancement Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $8,139,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FPE. Ameliora Wealth Management Ltd. raised its holdings in First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after buying an additional 690 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $26,000. FSC Wealth Advisors LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 85.3% during the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares in the last quarter. Mattson Financial Services LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $46,000. Finally, Larson Financial Group LLC lifted its position in First Trust Preferred Securities and Income ETF by 117.1% in the 2nd quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock valued at $46,000 after acquiring an additional 1,441 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.3 %

Shares of NYSEARCA FPE opened at $17.95 on Thursday. The company has a fifty day moving average price of $18.03 and a 200 day moving average price of $17.63. First Trust Preferred Securities and Income ETF has a 1-year low of $15.92 and a 1-year high of $18.23.

About First Trust Preferred Securities and Income ETF

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.