Ameritas Investment Partners Inc. Purchases 380,318 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Ameritas Investment Partners Inc. increased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1,275.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 410,145 shares of the company’s stock after buying an additional 380,318 shares during the period. Ameritas Investment Partners Inc. owned 0.13% of First Trust Preferred Securities and Income ETF worth $7,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC raised its holdings in shares of 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. Perennial Investment Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF during the second quarter valued at about $374,000. Moors & Cabot Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 5.9% during the second quarter. Moors & Cabot Inc. now owns 81,204 shares of the company’s stock valued at $1,410,000 after buying an additional 4,550 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 9.1% in the second quarter. Oppenheimer & Co. Inc. now owns 399,630 shares of the company’s stock worth $6,938,000 after buying an additional 33,383 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 3.5% during the 2nd quarter. LPL Financial LLC now owns 10,841,607 shares of the company’s stock worth $188,210,000 after acquiring an additional 362,026 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $18.20 on Friday. The stock’s 50 day simple moving average is $17.73 and its 200 day simple moving average is $17.44. First Trust Preferred Securities and Income ETF has a twelve month low of $15.46 and a twelve month high of $18.20.

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.