Brookstone Capital Management Boosts Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Brookstone Capital Management raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 19.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,999 shares of the company’s stock after buying an additional 16,911 shares during the quarter. Brookstone Capital Management’s holdings in First Trust Preferred Securities and Income ETF were worth $1,801,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Waterloo Capital L.P. purchased a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $1,248,000. Eldridge Investment Advisors Inc. lifted its position in First Trust Preferred Securities and Income ETF by 28.6% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 506,055 shares of the company’s stock worth $8,532,000 after buying an additional 112,546 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in First Trust Preferred Securities and Income ETF by 42.3% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock worth $468,000 after buying an additional 8,259 shares during the period. Chicago Partners Investment Group LLC increased its position in First Trust Preferred Securities and Income ETF by 8.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 334,467 shares of the company’s stock valued at $5,679,000 after acquiring an additional 26,008 shares during the last quarter. Finally, Beacon Financial Group purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $2,490,000.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

FPE stock opened at $17.36 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $15.46 and a 12 month high of $17.45. The company has a 50-day moving average price of $17.27 and a 200 day moving average price of $17.14.

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.