Bank of New York Mellon Corp Makes New $527,000 Investment in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Bank of New York Mellon Corp bought a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,752 shares of the company’s stock, valued at approximately $527,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. HighTower Advisors LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 5.0% during the 3rd quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock worth $49,777,000 after purchasing an additional 131,536 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of First Trust Preferred Securities and Income ETF by 19.9% during the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock worth $37,227,000 after buying an additional 341,396 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in First Trust Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock valued at $33,290,000 after acquiring an additional 21,624 shares during the last quarter. Magnus Financial Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 4.0% in the fourth quarter. Magnus Financial Group LLC now owns 1,482,254 shares of the company’s stock valued at $26,236,000 after purchasing an additional 57,194 shares during the last quarter. Finally, Country Trust Bank increased its stake in shares of First Trust Preferred Securities and Income ETF by 1.6% during the 4th quarter. Country Trust Bank now owns 1,400,300 shares of the company’s stock valued at $24,785,000 after acquiring an additional 22,621 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $17.63 on Friday. The firm has a fifty day moving average of $17.77 and a 200-day moving average of $17.88. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23.

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.