JPMorgan Chase & Co. Buys 224,647 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

JPMorgan Chase & Co. raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 29.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 989,613 shares of the company’s stock after purchasing an additional 224,647 shares during the period. JPMorgan Chase & Co. owned 0.32% of First Trust Preferred Securities and Income ETF worth $17,912,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FPE. Creative Planning increased its stake in First Trust Preferred Securities and Income ETF by 32.8% during the 3rd quarter. Creative Planning now owns 14,869 shares of the company’s stock valued at $269,000 after purchasing an additional 3,669 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after buying an additional 559 shares during the last quarter. Acorn Wealth Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter worth about $318,000. Elevation Capital Advisory LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter worth about $5,750,000. Finally, Thrivent Financial for Lutherans lifted its position in First Trust Preferred Securities and Income ETF by 12.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,838 shares of the company’s stock valued at $269,000 after acquiring an additional 1,696 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock opened at $17.68 on Friday. The business has a 50-day simple moving average of $17.87 and a two-hundred day simple moving average of $17.82. First Trust Preferred Securities and Income ETF has a 52-week low of $16.78 and a 52-week high of $18.23.

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.