Howard Financial Services LTD. Raises Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Howard Financial Services LTD. grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 25.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 443,217 shares of the company’s stock after purchasing an additional 90,706 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 1.2% of Howard Financial Services LTD.’s holdings, making the stock its 26th biggest holding. Howard Financial Services LTD. owned about 0.14% of First Trust Preferred Securities and Income ETF worth $8,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FPE. OLD Mission Capital LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 26,692.8% during the fourth quarter. OLD Mission Capital LLC now owns 2,835,478 shares of the company’s stock valued at $47,806,000 after purchasing an additional 2,824,895 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 194.9% during the 1st quarter. Cetera Investment Advisers now owns 1,141,966 shares of the company’s stock valued at $19,779,000 after buying an additional 754,718 shares in the last quarter. Waverly Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter valued at $11,610,000. Synergy Asset Management LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth about $7,359,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 1,275.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after acquiring an additional 380,318 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $18.11 on Wednesday. First Trust Preferred Securities and Income ETF has a one year low of $15.46 and a one year high of $18.23. The company’s 50-day simple moving average is $17.87 and its 200 day simple moving average is $17.52.

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.